Verified USD (USDV) is a fully transparent, community-driven stablecoin bridging CeFi and DeFi, backed 1:1 by tokenized real-world assets. More
| Fully Diluted Valuation | $60,744 |
|---|---|
| 24H Trading Volume | $2 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 605.57K |
| Total Supply | 605.57K |
| Max Supply | ∞ |
| Categories | Stablecoins 9 more |
|---|---|
| Founder | John Ge |
| Website | usdv.money |
| Socials | |
| Chains | Ethereum Ecosystem 6 more |
| Explorer | Polygonscan 9 more |
| Contracts |
0x0e5....5c7a8
6 more
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| Name | Pair | OG Score |
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In the ever-evolving landscape of digital assets and decentralized finance (DeFi), Verified USD (USDV) emerges as a stablecoin aiming to contribute to the ongoing developments in modern finance. It positions itself as a synthesis of Centralized Finance (CeFi) and DeFi, targeting global payments, capital markets, and trade with its distinct features.
Navigating Between CeFi and DeFi
USDV claims to operate seamlessly across CeFi and DeFi, presenting itself as a versatile solution for a global economy without geographical or temporal constraints.
Transparency and Stability as Key Tenets
USDV emphasizes transparency and stability. It asserts that all USDV tokens are pegged 1:1 to the US Dollar, backed by real-world assets. The stability is maintained through these tokenized real-world assets, purportedly backed by cash and highly liquid cash equivalents.
The Role of Verified USD Foundation
The Verified USD Foundation, described as an independent not-for-profit entity, is said to play a pivotal role in nurturing a progressive stablecoin ecosystem. The foundation claims responsibility for overseeing contributor onboarding, governance, and shaping the future roadmap for USDV.
Contributors and Institutional Recognition
USDV acknowledges three primary contributors - Verified Minters, Operators, and Liquidity Providers - forming the core of its community. The stablecoin asserts recognition from 30 institutions in both CeFi and DeFi, positioning itself as a reliable financial instrument.
Technical Features: ERC-20 Compatibility and Omnichain Fungibility
USDV claims to distinguish itself as an ERC-20 compatible stablecoin based on the Omnichain Fungible Token (OFT) Standard. This is presented as an approach to eliminate unwarranted versions and reduce liquidity fragmentation, facilitating a smoother user experience in both on-chain and off-chain transactions.
Compliance Measures and Global Support Network
To address regulatory concerns, USDV states implementation of compliance measures including anti-money laundering (AML), accredited investor verification, and Know Your Customer (KYC) regulations. It also mentions a global customer support team, operational 24/7 across Asia, Europe, and America.
In summary, Verified USD (USDV) positions itself as a stablecoin aiming to contribute to the modern finance landscape. Its features include a claimed seamless operation between CeFi and DeFi, transparency, stability through real-world assets, community-driven governance, and global recognition from institutions. These features collectively present USDV as a contender in the ongoing narrative of stable and reliable financial instruments.
Verified USD (USDV) distinguishes itself as a pioneering stablecoin, seamlessly bridging Centralized Finance (CeFi) and Decentralized Finance (DeFi), offering full transparency through a 1:1 peg to the US Dollar with real-world asset backing, ERC-20 compatibility, and a commitment to a community-driven ecosystem.
Founder of Verified USD (USDV) is John Ge.
Specific supporters and investors of the project are unknown. For up-to-date investor/backer information, please visit the project's official website.
You can buy Verified USD (USDV) on Trader Joe V2.1 (Arbitrum) cryptocurrency exchanges.
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