VelaFi, a stablecoin platform, has secured $20 million in funding. According to reports, the funding aims to scale its cross-border settlement rails. The company plans to use the capital to expand its enterprise payment and settlement services across Latin America, the United States, and Asia. The development signals growing interest and investment in stablecoin-based payment solutions for international transactions.

VelaFi, a stablecoin platform, has secured $20 million in funding. According to reports, the funding aims to scale its cross-border settlement rails. The company plans to use the capital to expand its enterprise payment and settlement services across Latin America, the United States, and Asia. The development signals growing interest and investment in stablecoin-based payment solutions for international transactions.