In the booming world of digital finance, stablecoin innovations are helping to reshape the way we view and use money.
Recently, a unique stablecoin called Verified USD (USDV) was introduced with the promise of transparency and security, opening a new direction for the future of digital banking.
So what specifically is Verified USD (USDV)? We invite you to learn more in this article of CryptoViet Info .
What is Verified USD (USDV)?
What is Verified USD (USDV)?
Verified USD or USDV for short is a stablecoin and a tokenized real-world asset (RWA), fully backed by STBT (Short-term Treasury Bill Token).
The special thing is that USDV is linked 1:1 to the US dollar and behind it is strong support from STBT. This not only keeps the value of USDV stable but also creates a transparent and secure crypto model.
Transparency and security of Verified USD
USDV - The first application of Layer Zero's ColorTrace technology
The uniqueness of USDV lies in its use of ColorTrace, a special algorithm developed by LayerZero Labs .
This not only increases transparency but also helps the community receive rewards in a transparent and fair manner for their contribution to the ecosystem.
How Verified USD works
USDV integrates the ERC-20 standard and is an omnichain stablecoin integrated with the LayerZero Omnichain Fungible Token (OFT) Standard. This not only creates flexibility in trading across multiple blockchains, but also helps USDV avoid liquidation Shard between different chain .
Benefits of using Verified USD
One of the outstanding benefits of USDV is the ability to fairly Chia profits based on the level of participants' contribution to the circulation of USDV. This creates incentives for participants, not only increasing the liquidation and utility of the Token , but also creating a fair financial environment.
Epilogue
Above, CyptoViet Info has just sent you some basic information in the article What is Verified USD (USDV)? The combination of Stablecoin and financial transparency . Let's wait and XEM if USDV is widely used, popular and competitive with other stablecoins in the future.
