Verified USD (USDV) (a community-driven stablecoin backed by a basket of tokenized US Treasury Bills (T-bills) is a stablecoin created by the Verified USD Foundation that is backed by unrivaled transparency and stability on the blockchain. In order to be compatible with the ERC-20 standard, USDV is a native omnichain stablecoin that can be pegged to the equivalent value of one US dollar.
Its underlying reserve of tokenized real-world assets (RWA) makes USDV a compelling alternative to legacy stablecoins, as it is based on tokenized real-world assets (RWA). USDV provides a stable value derived from the T-bills underlying the on-chain, as well as real-time verification through proof-of-reserve, bridging the information gap between the minters, holders and the issuer of stablecoins.
Verified USD Foundation is an independent non-profit organization dedicated to fostering a sustainable and progressive stablecoin ecosystem which enables equitable value distribution among the community of contributors that play a crucial role in the adoption and use of stablecoins. LayerZero has developed a novel value attribution algorithm called ColorTrace to ensure that rewards are distributed fairly and transparently among verified minters without conflict in exchange for their coins.
During the launch of USDV, Matthew Commons, President of the Verified USD Foundation, noted that "USDV represents a major evolution in stablecoin technology." In contrast to other stablecoins, USDV enables a unique community approach that allows for those who create stablecoin use cases to take an active role in the creation of stablecoin value. With unmatched transparency and stability, the Foundation is looking forward to working with contributors to unlock new use cases that will have a real-world impact."

Source prnewswire