Announcing VeUSD – VeChainThor’s First Stablecoin
Following several months of development, the contract for VeUSD, VeChain’s first native stablecoin, will soon go live on mainnet, ushering in a new era for VeChainThor.
Launching its stable token at the dawn of 2022 aligns Vechain with projected ‘Growth phase’, a period where the technical maturity of products and services have developed over the last 5 years begins to translate into accelerating real world adoption. Positive progress in the global regulatory climate and increased understanding of the value proposition of blockchain technology are setting the stage for rapid growth of the field.
Developed by Stably, onboarded by CREAM and with stablecoins issued by Prime Trust, a Nevada-chartered trust company from the US, VeUSD promises to unlock new applications and new functionalities for community and enterprise partners alike.
With a stablecoin, VeChainThor is now able to provide similar DeFi functionality to networks such as Ethereum, but with vastly superior architecture.
VeChain’s unique ‘Multi-task transaction’ function, where a single transaction can execute many actions at once or ‘fee delegation’ where a dApp owners can pay gas fees on behalf of their users making dApps ‘free’ to use, VeChainThor has many unique features that resolve critical challenges faced by other major blockchains.
Built to be highly scalable, cost-stable and to handle the high demands of Fortune 500s, VeChain’s architecture is perfectly suited to the diverse world of Decentralised Finance in both the legacy and emerging financial markets.
ABOUT VeChainThor
The VeChainThor Wallet is a secure mobile wallet developed by the VeChain Foundation for the iOS and Android mobile platforms. The wallet supports VET, VTHO and various VIP180 tokens and features a node management tool and built-in dApp browser. The VeChainThor wallet also features a trading marketplace for nodes as well as support for observing Ledger addresses from your mobile device directly.
RESOURCES
VeChain Announcement
