Golden Finance reports that Paxos International has announced a collaboration with Web3 financial infrastructure Velo Labs to integrate its regulated yield-bearing stablecoin Lift Dollar (USDL). USDL will serve as reserve collateral and settlement asset within Velo Labs' USDV stablecoin framework. USDL was launched last year by Paxos and is regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and is valued in USD.

Odaily Planet Daily According to official sources, Velo Labs has chosen OpenEden's tokenized US Treasury bonds (TBILL) as the reserve collateral asset for the stablecoin USDV. USDV is the native token of Velo (VELO) and a basket of assets such as USDT for over-collateralizing stablecoins. The inclusion of tokenized US Treasury bonds from OpenEden will strengthen the support for USDV.

On September 11th, Velo, a global Settlement network based on blockchain technology,

According to official information, Matthew Commons, chairman of the verified USD Foundation, revealed major product plans for the development roadmap at the StableFusion event in Dubai on April 17. USDV will be upgraded from a stablecoin to a protocol covering long-heavy application scenarios, with USDV as the main circulation stablecoin in the protocol, and the official announcement of the launch of the points system and the launch of stake investment products. These products allow users to earn stablecoin USDV in a secure and transparent way and accumulate points at the same time. In addition, users can earn points by providing liquidity, making exchanges, and other activities within the USDV ecosystem. Since its launch in November 2023, USDV, a stablecoin issued by the verified USD Foundation, has partnered with more than 30 CeFi and Decentralized Finance ecosystems. This stablecoin provides all users with access to USDV minting, exchange, and circulation records at any time. In addition, the stablecoin is subject to oversight by five industry-leading audit firms.