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What can you do with Verified USD?
Store/Hold Verified USD
Many users hold on to their Verified USD with the expectation of it increasing in value. You can store your USDV safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Verified USD
You can trade Verified USD for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Verified USD trading to meet your needs.
Send Verified USD
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Verified USD online and send to anyone and anywhere with their Verified USD address.
Spend Verified USD
You can also buy goods and services with your Verified USD. More and more vendors and retailers accept Verified USD every day.
Donate Verified USD
Bitget Charity accepts Verified USD donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Verified USD so no one misses out on the growth made possible by blockchain.
Learn More About Verified USD
You can read more in-depth articles on Verified USD from Bitget Research and study how cryptocurrencies like Verified USD work on Bitget Academy
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What is Verified USD (USDV)?
Verified USD (USDV) is a stablecoin announced by the Verified USD Foundation. It is community-driven and fully backed by tokenized US Treasury Bills (T-bills), offering a stable value with real-time verification through proof-of-reserve. USDV is pegged 1:1 with the US Dollar and is backed by STBT, which includes cash, overnight repo, and short-term treasuries. Operating under the ERC-20 standard, USDV is an omnichain fungible token integrated with LayerZero’s Omnichain Fungible Token (OFT) Standard, making it available on multiple blockchain networks like Ethereum, BSC, Avalanche, Arbitrum, and Optimism.
Several factors influence the price of USDV. As a stablecoin, its value is designed to be stable and pegged to the US Dollar. The foundation behind USDV aims to create a sustainable and progressive stablecoin ecosystem, employing the ColorTrace algorithm developed by LayerZero for fair and transparent reward distribution among verified minters. This novel approach to value attribution within the stablecoin ecosystem is likely to impact its price and investor sentiment. The underlying reserve asset for USDV, provided by Matrixport’s Short-term Treasury Bill Token (STBT), offers real-time verification via on-chain Proof-of-Reserves, ensuring the stability and reliability of USDV. This transparency and security audit of its smart contracts can also influence investor trust and, consequently, its price. Additionally, the interoperability of USDV across various blockchain networks, facilitated by LayerZero’s Omnichain Fungible Tokens (OFT) Standard, could affect its accessibility and usage, further influencing its price and market perception.
The cheapest way to Buy Verified USD (USDV) on Bitget
On Bitget you can buy Verified USD (USDV) easily and fast. Bitget offers:
- Low fees; transparent fees with no hidden fees.
- Multiple payment methods, such as Credit/Debit Card, Sepa transfer, p2p and more!
- 500+ assets; buy Verified USD (USDV) along with hundreds of other crypto assets
- 24/7 dedicated customer support
- Safe and Secure; Bitget prioritizes the safety of your crypto assets, transactions and personal information
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