Stablecoin financial infrastructure provider VelaFi completes $20 million Series B funding, led by XVC and Ikuyo

Odaily Planet Daily reports that stablecoin financial infrastructure provider VelaFi announced the completion of a $20 million Series B funding round, led by XVC and Ikuyo, with participation from Planetree, BAI Capital, Alibaba Investment (a subsidiary of Alibaba), and others. To date, the company’s total funding has reached $40 million. VelaFi was founded in 2020, initially building payment infrastructure in Latin America, and later expanding its business to the United States and Asia. Its platform connects local banking systems, cross-border payment networks, and mainstream stablecoin protocols, enabling enterprises to transfer funds across markets faster and at lower costs than traditional systems. (CoinDesk)