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LATAM Stablecoin Company Velafi Raises $20M
One of the newer stablecoin infrastructure companies, Velfai is raising $20M scale its stablecoin technology from the LATAM region.
Velafi announces new raise as stablecoin adoption picks up in LATAM and other regions (Francisco Kemeny / Unsplash)
Velafi has announced a new round of capital has been secured.
The company primarily focused in improving the stablecoin fintech and banking rails in the LATAM region will be using the $20M in series B funding to double down on creating new financial corridors, as well as supporting their operations overseas. This round was led XVC, IKUYO and included Alibaba, Planetree, BAI Capital and others.
Co-founder and CEO Maggie Wu expressed:
“We are building the next generation of global payment infrastructure, one that is instant, transparent, and regulatory-first. This investment accelerates our global expansion from Latin America into the United States and Asia. These three regions collectively anchor a significant share of the world’s trade flows, capital movement, and enterprise activity.
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