Derived from Blockchainreporter, Velo Protocol has announced a strategic partnership with USD1, a regulated USD-backed stablecoin issued by BitGo Trust Company. The collaboration aims to strengthen Payment Finance (PayFi) infrastructure for seamless payments and institutional-grade settlement across Asia. Velo's integration of USD1 supports liquidity and settlement layers, enhancing services for cross-border payments, FX routing, and digital asset management. The partnership, announced via Velo's official X account, is backed by CP Group and focuses on long-term growth, scalability, and transparency in PayFi solutions for Asian users.
Velo Integrates USD1 to Enhance PayFi Infrastructure in Asia
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Summary
Velo Protocol has integrated USD1, a regulated stablecoin issued by BitGo Trust Company, to expand PayFi infrastructure in Asia. The partnership supports cross-border payments, FX routing, and digital asset management. Velo’s protocol enhances liquidity and settlement layers for institutional-grade transactions. Backed by CP Group, the move focuses on scalability and transparency. What is PayFi? It combines payment and finance services for faster, more efficient transactions. The collaboration aims to drive long-term growth in Asia’s digital payment ecosystem.
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