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Crypto

Visa, Circle and Ripple back Velocity as valuation hits $200 million

UK stablecoin payments and treasury platform Velocity raised $10 million in additional Series A funding, taking total Series A proceeds to $48 million and valuing the company at $200 million. The round included Visa Ventures, Circle Ventures, Ripple, Hawn Ventures, Translink Capital and Mirana Ventures. Velocity said the funds will be used to expand infrastructure for issuers, merchant acquirers, payment firms, financial institutions and retailers worldwide.

Crypto

EarnOS launches Ero app, expands ad model that rewards only real people

Blockchain-based digital advertising startup EarnOS raised $6 million in a pre-Series A round led by 1ks. The Block reported that Coinbase Ventures, Circle Ventures and Social Graph Ventures also joined the round. EarnOS completed beta testing of its Ero app and launched it in the United States, Canada, Australia and the UK. The company also said it secured a $12.5 million strategic investment over four years from Layer 1 blockchain Verona.

Crypto

Trase Finance raises $32 million in Series A to expand cross-border stablecoin payments

Trase Finance raised $32 million in a Series A round. CoinFund led the investment, with participation from Coinbase Ventures, Jump Capital, Paxos and HOF Capital, Cointelegraph reported on June 17. Trase Finance provides banking connectivity, foreign exchange and stablecoin settlement infrastructure for cross-border payments in Latin America. Its cumulative processed transaction volume has exceeded $10 billion. The company plans to use the funds to expand into the United States and Asia-Pacific.