VelaFi raises $20 million in Series B to expand stablecoin payments infrastructure

VelaFi, a LatAm-based company, has successfully raised $20 million in Series B funding aimed at expanding its stablecoin payment infrastructure in the U.S. and Asia. This significant investment highlights the growing importance of stablecoins in facilitating international transactions and remittances, providing efficiency and security for users. The funding showcases VelaFi's strategy to strengthen its presence in emerging markets, which could also encourage other firms to pursue similar funding initiatives. Observers will be keen to see how VelaFi navigates this expansion and the broader implications for the adoption of digital currencies across various regions.