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Mar 2, 2022
VeChain Foundation Tweeted About Minting $1M $VeUSD
Founded in 2015, the blockchain technology corporation VeChain Foundation has minted $1 Million $VeUSD. The leading corporation is one of the earliest companies in the field of blockchain. It has branches in China, Europe, the US, Singapore, and Japan. On March 2, 2022, VeChain Foundation and Stably shared the good news on Twitter.
The self-developed blockchain application, VeChain also shared about their process with the fintech company, Stably. The objective of Stably is to bring speed, security, transparency, and low transaction cost to every business. Stably is powered by blockchain, stablecoin, and open finance APIs. VeChain in partnership with Stably has been creating VeChain's first stablecoin. Additionally, they have also planned future strategies for DeFi/Web3 structure.
VeChain Foundation also commented about the wallets that can be used for $VeUSD i.e., VeChainThor, Sync 1 & Sync 2. Users have been quite excited about the news.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.