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CP Group-Backed Velo Merges With Stellar Startup Interstellar In 9-Figure Deal

Velo Labs, a cross-border settlement protocol backed by Thai conglomerate CP Group, has merged with Interstellar, a payment startup that runs on the Stellar network.

Velo Labs, a cross-border settlement protocol backed by Thai conglomerate CP Group, has merged with Interstellar, a payment startup that runs on the Stellar network.

The firms announced on Monday (March 15) that following the merge, Interstellar's CEO Mike Kennedy and CTO James Wu will become the new CEO and CTO of Velo Labs, respectively.

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