Thredd Partners with Velocity to Expand Global Payments Platform, Offer Stablecoin-Powered Money Movement TMCnet News [September 23, 2026] | / | Thredd Partners with Velocity to Expand Global Payments Platform, Offer Stablecoin-Powered Money Movement Thredd, the AI-first issuer processing platform, today announced the expansion of its payments platform to include stablecoin-powered money movement capabilities, through a partnership with Velocity, the stablecoin treasury and settlement platform bringing enterprises onchain. The initial rollout of these capabilities will focus on supporting B2B and B2B2B applications, including stablecoin-backed card programmes, cross-border payouts, global treasury flows and on-chain settlement. Thredd clients will now be able to convert between fiat currencies and supported stablecoins, send funds on-chain or through connected fiat rails, and use stablecoins for funding, payouts and settlement. "Stablecoins are rapidly becoming an important part of global payments infrastructure, but clients should not have to rebuild their payments stack to take advantage of them," said Jim McCarthy, CEO, Thredd. "By bringing stablecoin money movement into the Thredd platform, we can connect the issuing and processing capabilities our clients already rely on with new ways to move, convert and settle funds. It's about giving clients more flexibility while maintaining the controls, reliability and operational support they expect from Thredd." To provide the underlying stablecoin infrastructure, Thredd has selected Velocity as a new strategic technology partner. Velocity will provide programmable wallet infrastructure, connectivity to blockchain and banking rails, liquidity and conversion capabilities, and the orchestration required to support transfers and settlement. "The real opportunity with stablecoins isn't a new asset, it's a more programmable way for businesses to move and manage money globally," said Eric Queathem, CEO and founder of Velocity. "Thredd's platform is already trusted by some of the most sophisticated card programmes in the market, and this partnership gives those clients a practical way to use stablecoin rails inside an environment they already know. That's where stablecoins get powerful: not as a separate crypto product, but as infrastructure embedded in the systems businesses already use." For issuers and programme managers, that can change the economics of running a global card programme. Less capital needs to sit idle across markets, prefunding and collateral requirements can be reduced, and settlement funds can move across currencies and geographies without being constrained by the operating hours and intermediary chains of correspondent banking, with no separate onchain workflow to build or maintain. By connecting stablecoin infrastructure with Thredd's existing ledger, APIs, issuer processing, card controls, fraud and risk services, reconciliation and operational support, clients will have a single commercial and technical entry point for managing how value is held, moved and spent. The planned offering is designed as a global capability, with commercial availability to be introduced market by market based on regulatory, partner and product readiness. About Velocity Velocity is the first stablecoin payments and treasury platform purpose-built for global CFOs and Treasurers. By combining regulated stablecoins with traditional financial infrastructure, the platform enables companies to move funds in real time, manage liquidity more efficiently and simplify global settlement. Velocity helps finance teams reduce FX and liquidity friction, unlock trapped capital and gain greater visibility into global cash flows. Velocity is backed by strategic investors including Visa, Capital One and Circle, alongside Dragonfly and FirstMark Capital. Learn more at www.velocity.xyz About Thredd Thredd is the trusted, AI-first, cloud-enabled issuer processing platform powering the next generation of global payments. Through a single API, unified platform, Thredd delivers debit, credit, digital wallet and ledger capabilities to over 100 fintech, digital banks and embedded finance providers, across 50+ countries, processing billions of transactions annually. With a global operating footprint, local expertise, and AI integrated into every layer of its platform, Thredd has been purpose-built for speed, scale and modern issuance models, setting the standard for market entry, client experience, security, regulatory rigour and operational resilience. Learn more at www.thredd.ai View source version on businesswire.com: https://www.businesswire.com/news/home/20260923771105/en/ [ Back To TMCnet.com's Homepage] |

Visa, Circle back stablecoin startup Velocity in $48m round. Velocity, a London-based startup that builds stablecoin infrastructure for banks and payment firms, has raised another US$10 million from investors including Visa, Circle, and Ripple, extending its series A round to US$48 million. It followed a US$38 million series A announced in July. CEO Eric Queathem said the new funding values Velocity at US$200 million post-money. Velocity said its platform helps banks and payment companies use stablecoins for settlement, liquidity, and treasury operations without replacing existing systems. The company has also partnered with Prove on identity and trust infrastructure. The funding comes as UK regulators have outlined an approach to regulating systemic stablecoin issuers used in payments. Visa has also launched stablecoin settlement in the US as part of efforts to integrate the assets into existing payment rails. Recent Velocity developments. Stay updated on the go with our mobile app. Get latest insights with smoother, more personalized experience through TIA mobile app. How would you feel if you could no longer use Tech in Asia? Share, tag us, and land on our Wall of!

Ripple backs stablecoin startup as part of $10 million funding round. September 15, 2026 - By U.Today - Original Ripple invests in Velocity's $10 million funding round, enhancing its stablecoin payments capabilities and increasing Velocity's valuation to $200 million. Confidence: 80% Horizon: medium-term Key numbers. * 10 million (funding amount) * 48 million (total funding round) * 200 million (Velocity's valuation) * 2.4 billion (market cap of Ripple's rlusd) Market drivers (micro). * Increased adoption of stablecoins for payment settlements. * Partnerships with traditional financial institutions like Visa. * Ripple's strategic investments in the stablecoin sector. Context (macro). * Growing interest in stablecoins within the financial ecosystem. * Increased regulatory focus on cryptocurrency and stablecoin markets. Who wins / who loses. * Winners: Ripple and Velocity benefit from increased investment and market presence. * Losers: Traditional payment systems may face disruption from stablecoin innovations. Scenarios. Base Ripple's investment in Velocity will likely enhance the adoption of stablecoin payments in traditional finance. Alt If regulatory challenges arise, Velocity's growth could be hindered despite Ripple's backing. What to Watch next. * Watch for updates on Velocity's integration with MVB Financial. * Monitor the performance of Ripple's rlusd stablecoin. * Observe regulatory developments affecting stablecoins. Full analysis. Ripple has made a significant move in the stablecoin sector by participating in a $10 million funding extension for Velocity, a London-based startup focused on stablecoin payments. This funding round, which has now expanded to an impressive total of $48 million, has allowed Velocity to achieve a valuation of $200 million. Background on Ripple and Velocity. San Francisco-based Ripple, known for its cryptocurrency XRP, has been actively investing in the stablecoin space. Prior to this latest funding round, Ripple was already an investor in Velocity, indicating its confidence in the startup's potential. Velocity aims to increase the efficiency of payment settlements by bridging traditional financial infrastructure with stablecoin rails. This innovative approach allows stablecoins to function as a constant layer for settlements, targeting a variety of clients including merchants, financial institutions, fintech companies, and payment providers. Recent developments. Earlier this month, Velocity announced a collaboration with MVB Financial to participate in a Visa Direct pilot program. This partnership will enable Velocity to integrate stablecoin-based liquidity directly into MVB's infrastructure, further enhancing its service offerings. Ripple's involvement in the stablecoin sector has grown significantly, especially after the issuance of its own stablecoin, rlusd. As of now, rlusd boasts a market cap of around $2.4 billion, making it the 42nd largest cryptocurrency by market capitalization. In August 2025, Ripple also agreed to acquire Rail, another stablecoin payments company, for $200 million, solidifying its position in the market. Conclusion. With Ripple's backing, Velocity is well-positioned to innovate within the stablecoin payments landscape, potentially reshaping how transactions are conducted in the future.