Velo announces partnership with stablecoin TrueUSD
Velo has announced a partnership with the stablecoin TrueUSD, which is pegged to the US dollar. By using TUSD as collateral within Velo's Web3+ ecosystem, Velo's stablecoin USDV will achieve additional stability. Velo plans to expand multi-chain interoperability by 2024 and support this feature as soon as possible. Currently, users can exchange TUSD across chains on Velo's over-the-counter (OTC) platform, Universe. This partnership also provides users with an alternative solution for remittance settlement using TUSD within Velo's Web3+ ecosystem. Using TUSD can improve the efficiency of the remittance process, especially in cross-border transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
USDGO HodlerYield holding rewards promotion extended through October 31
Bitget PoolX is listing Concrete (CT) : Lock BTC to get 1,111,111 CT airdrop
CandyBomb x CT: Trade to share 560,000 CT
[Initial listing] Bitget to list Concrete (CT)
Crypto prices
More
