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Stablecoin firms Tether and Verified USD Foundation have made significant moves in the stablecoin market. Tether has minted 4 billion USDT in the past 4 weeks, adding $20 billion to its market cap in 2023, while rival stablecoin USDC lost the same amount. Additionally, the Verified USD Foundation has launched USDV, a stablecoin pegged to tokenized U.S. Treasuries, integrating LayerZero's full-chain universal fungible token standard with U.S. short-term Treasury tokens as reserve assets, including Matrixdock's U.S. debt token STBT as the first reserve asset. Ondo has unveiled a bridge to move treasuries-backed USDY stablecoin across chains.
The nonprofit Verified USD Foundation is launching a stablecoin called USDV pegged to tokenized U.S. Treasuries in hopes the backing provides transparency https://t.co/o9ppV3kyCX
Verified USD Foundation Launches USDV - A Revolutionary Stablecoin Transparently Pegged To Tokenized US Treasuries https://t.co/jzpIYhXXFw
⚡Tether USDT added at least $20 billion to its market cap in 2023, while rival stablecoin USDC lost the same amount so far this year. https://t.co/xDQCkEeE5I
The Verified USD Foundation launched USDV, a community-driven stablecoin with U.S. short-term Treasury tokens as reserve assets, integrating LayerZero's full-chain universal fungible token standard. The first reserve asset is Matrixdock's U.S. debt token STBT. Read more:… https://t.co/HPoFlbICmZ
ICYMI: Ondo unveils bridge to move treasuries-backed USDY stablecoin across chains https://t.co/tg5PthZToP
Ondo unveils bridge to move treasuries-backed USDY stablecoin across chains https://t.co/QaujG2xPeJ
⚡Stablecoin firm @Tether_to has minted 4 billion USDT over the past 4 weeks. Previously, the firm issued a whopping 9 billion USDT in March 2023. https://t.co/PM813jJcok