VelaFi don raise $20M for Series B to expand stablecoin cross‑border settlement for LATAM, US and Asia
VelaFi, one stablecoin payments infrastructure company wey Galactic Holdings dey back and dem start for 2020, don close $20 million Series B wey XVC and Ikuyo lead, so total funding don pass $40 million. The company dey provide APIs and settlement rails wey connect local banks, global transfer networks and stablecoin protocols to give fiat on/off ramps, cross-border corporate payments, FX workflows and multi-currency treasury services. The money go support geographic expansion across Latin America, the United States and Asia, licensing work and more development of enterprise settlement rails. VelaFi launch for Latin America, expand to Japan in October and na co-founder of Stablecoin Settlement Association wey wan modernize trade finance. Coverage show say retail stablecoin use dey rise for Latin America—because of high inflation and remittances—with Chainalysis reporting stablecoins make up over half of transactions denominated in Colombian peso, Argentine peso and Brazilian real between July 2024 and June 2025. Regional central banks dey cautious: Brazil central bank governor estimate say about 90% of domestic crypto activity involve dollar-pegged stablecoins, and Mexico warn about financial-stability risks from fast stablecoin growth and regulatory gaps. Key SEO keywords: VelaFi, stablecoin, cross-border payments, Series B funding, LATAM expansion, settlement rails, USDT.
Bullish
Di funding an expansion strong well VelaFi fit make dem provide enterprise‑grade stablecoin settlement rails plus fiat on/off ramps. For di stablecoin dem mention—mainly dollar‑pegged tokens (like USDT)—dis one dey bullish: better infrastructure and deeper integration wit local banks and transfer networks go increase on‑chain settlement volumes and utility for key remittance and FX corridors, wey go support demand for settlement stablecoins. Short‑term, effect fit small: fundraising by itself no dey change liquidity or circulating supply immediately, and regulatory wahala for LATAM (Brazil, Mexico) fit slow down adoption or routing choices. For medium to long term, if dem fit rollout licensed rails and corporate integrations for LATAM, US and Asia well, e fit raise transaction volumes and institutional use of USDT‑style stablecoins, wey usually support price stability and higher market demand for those tokens. Risks wey fit reduce di bullish view include regulatory crackdowns, competition from other settlement providers or CBDC pilots, and execution risk when dem try scale cross‑border rails.