Velo announces partnership with stablecoin TrueUSD
Velo has announced a partnership with the stablecoin TrueUSD, which is pegged to the US dollar. By using TUSD as collateral within Velo's Web3+ ecosystem, Velo's stablecoin USDV will achieve additional stability. Velo plans to expand multi-chain interoperability by 2024 and support this feature as soon as possible. Currently, users can exchange TUSD across chains on Velo's over-the-counter (OTC) platform, Universe. This partnership also provides users with an alternative solution for remittance settlement using TUSD within Velo's Web3+ ecosystem. Using TUSD can improve the efficiency of the remittance process, especially in cross-border transactions.
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