What is Velo?

Velo Labs established the Velo Protocol to facilitate a federated credit exchange network, operating on the Stellar Consensus Protocol. This blockchain financial protocol allows for the issuance of digital credits and seamless asset transfers for businesses, underpinned by a smart contract layer.

The platform's primary function revolves around issuing collateral-backed digital credits tied to fiat currencies, allowing partners to transfer value securely and transparently. Multiple business applications are supported within its ecosystem, emphasizing efficiency and timely transactions.