Learn more about Verified USD(USDV)
Verified USD (USDV) is a real-world asset (RWA)-backed stablecoin pegged 1:1 to a basket of whitelisted highly-secure assets such as tokenized U.S. Treasuries. As a native omnichain ERC-20 token, USDV is fully compatible with other tokenized real-world assets. It’s built with a novel value attribution mechanism that attributes tokens in circulation to each verified minter.
Introduction
Why Choose USDV?
USDV retains the advantages of existing stablecoins, it also has its unique additional features:
Verified Value
(1)Underlying Assets: 100% backed by tokenized real-world assets on-chain, such as US short-term treasuries (STBT). STBT is supported by overnight Repo and short-term T-bills with a maturity of within 6 months. This enhanced transparency of underlying assets helps reduce the risk associated with stablecoin assets, improving liquidity. (2)RWA compatibility: Designed to be ready to onboard other high quality tokenized real world assets that diversify the underlying reserve asset pool.
On-chain Transparency:
USDV is an on-chain stablecoin, accessible for anyone to explore and review historical transaction records related to minting, redemption, and circulation on Etherscan. Addtionallly, it has stable and secure value of yield-bearing underlying assets - tokenized US Treasuries verified via real-time proof-of-reserves. Its on-chain transparency of the underlying assets allows higher security, faster liquidation, providing stronger stability in value.
Native Omnichain Stablecoin:
USDV, an ERC-20 token, is integrated with the Omnichain Fungible Token (OFT) Standard at launch. OFT is the most widely adopted standard designed for seamless operation across multiple blockchain networks.USDV will be available on 5 chains at launch: Ethereum, BNB Smart Chain(BSC), Avalanche, Arbitrum and Optimism, with the technological capability to interoperate across more than 40+ L1 and L2 chains.
Community Driven Ecosystem:
USDV leverages ColorTrace, a novel value attribution mechanism invented by LayerZero Labs, which enables verified minters participating in USDV to receive equitable rewards for their contributions to the ecosystem. With a mindset of sustainable development,USDV aspires to establish more application scenarios.
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