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Ripple Backs Stablecoin Startup as Part of $10 Million Funding Round
Ripple has doubled down on the stablecoin payments sector by backing a $10 million funding extension for Velocity.
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Ripple has doubled down on the stablecoin payments sector by backing a $10 million funding extension for Velocity.
Velocity raised its Series A to $48M with a $10M extension backed by Visa Ventures, Circle Ventures, Ripple, Haun and other investors.
Ripple CEO Brad Garlinghouse is urging senators to back the Clarity Act ahead of a crucial procedural vote.
Ripple sees corporate treasury clients handling $13 trillion annually as a potential source of payments and settlement demand for RLUSD.
RippleX head of product highlights XRP’s potential in institutional credit.
The circulating supply of RLUSD stays above $1 billion in the XRP Ledger, currently at $1,053,014,745.
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