Verified USD (USDV) hits over $20 million market cap
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USDV, a recently minted stablecoin on the Ethereum platform in November 2023, with a market capitalization slightly exceeding $20 million. USDV is deployed on eight EVM-enabled chains and is specifically built to adhere to the decentralized principles of web3. Additionally, it is entirely backed by reserves. The Verified USD Foundation, established by LayerZero and Matrixport, seeks to further decentralization and foster community engagement. USDV employs a method known as ColorTrace