San Francisco-based Ripple participated in a $10 million funding extension for London-based stablecoin payments platform Velocity. The funding round has been expanded to $48 million total, valuing the company at $200 million. Founded in 2025, Velocity connects traditional financial infrastructure with stablecoin rails and targets merchants, financial institutions, fintech companies, and payment providers. Ripple has also issued its own RLUSD stablecoin, which now has a market capitalization of approximately $2.4 billion.
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