Stablecoin financial infrastructure firm VelaFi has raised $20 million in a Series B funding round led by XVC and Ikuyo, with participation from Alibaba, Planetree, and BAI Capital. This latest round brings VelaFi's total funding to over $40 million. The company provides enterprise-grade payment and fund management infrastructure based on stablecoins, including services such as deposits and withdrawals, cross-border payments, multi-currency accounts, and API services. VelaFi plans to use the new funds to enhance its licensing, banking connections, and operational capabilities in the U.S. and Asian markets, aiming to meet the demand for faster and more cost-effective cross-border settlements.