Verified USD Foundation Launches USDV - A Revolutionary Stablecoin Transparently Pegged To Tokenized US Treasuries
Published on 08/07/2025 at 18:04 | prnewswire.co.ukColorTrace, the Bedrock for a Fair Distributed Rewards System
USDV is powered by ColorTrace, a novel value attribution algorithm invented by LayerZero Labs, allowing community participants to transparently and equitably receive rewards for their contributions to the stablecoin ecosystem. This reward distribution system enables verified minters to mark their tokens in circulation and transparently access rewards derived from on-chain reserves without dispute.
"The ColorTrace algorithm solves the challenge of attribution for fungible tokens," stated Ryan Zarick, CTO and Co-Founder of LayerZero. "The applications of the ColorTrace algorithm to existing RWA-backed assets - like stablecoins - are exciting and have the potential to create a more fair and equitable distribution across all contributors to an ecosystem's success."
USDV is also integrated with LayerZero's Omnichain Fungible Tokens (OFT) Standard, a widely adopted standard designed for seamless operation across multiple blockchain networks. The stablecoin will initially launch on the Ethereum, BNB Smartchain, Avalanche, Arbitrum and Optimism blockchains, with the technological capability to interoperate across all chains supported by LayerZero (currently 40+).
Community-driven Ecosystem
23 Industry-leading CeFi, DeFi and GameFi contributors are supporting USDV at launch, including abracadabra.money, Animoca Brands, BasedApp, BIT Exchange, Bitget Exchange, Cactus Custody, Coin98 Finance, Curve Finance, Beam by Eco, Frax Finance, LayerZero, Matrixport, Maverick Protocol, Reunit Wallet, Stargate Finance, SushiSwap, Term Finance, Trader Joe, Velodrome Finance, Wintermute, Wombat Exchange, WOO Network and zk.Link.
Gracy Chen, Managing Director of Bitget said: "We are excited to announce the listing of the USDV project on our exchange. This partnership aligns with our ongoing commitment to support a variety of potential projects within the industry, fostering a diverse and vibrant financial ecosystem. The innovative approaches employed by the USDV project are indicative of the forward-thinking ventures we continually seek to associate with. Through this collaboration, we are taking a step further towards a more inclusive and dynamic digital asset landscape."
Michael Egorov, Founder of Curve Finance said: Having founded Curve Finance, I am excited to see how the incentive design of USDV works. A diversity of redeemable stablecoins is critical for the stability of DeFi and seeing such a credible new offering is impressive. USDV's transparency is quite unique, and cross-chain enablement via omnichain standard is perfect for custodial assets. I want to extend a warm welcome to USDV as it enters the world of DeFi.
Angus Buttar, Foundation Lead at the Stargate Foundation said: "With USDV launching as a native omnichain token, Stargate is well placed to help ensure users can access it wherever they need to. We're also excited to see the opportunities that USDV provides to users and protocols across DeFi."
With the backing of the inaugural community of USDV contributors, the Verified USD Foundation aims to further expand ecosystem partnerships in the future, including accessibility to more chains and enhancing utility on multiple platforms across different blockchain ecosystems.
About the Verified USD Foundation
The Verified USD Foundation ("the Foundation") is dedicated to supporting the development and adoption of the USDV ecosystem. Its primary mandate includes governance oversight, strategic visioning, and facilitating the onboarding of community contributors to advance the utility and adoption of USDV.
With its mission to facilitate seamless, equitable and transparent on-chain and off-chain transactions within the Web3 ecosystem, the Foundation is committed to fostering a synergistic ecosystem that equitably allocates value among its contributors. This approach not only nurtures collaborative partnerships but also fuels the long-term sustainability and growth of the network. Operating under an orphan special purpose vehicle (SPV) structure, the Foundation upholds the highest standard of transparency and fiduciary duty. It retains unencumbered legal ownership of all reserve assets, with its fundamental duty being to serve the interests of USDV holders.
For more information, visit: usdv.money
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