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View ChartVerified USD (USDV) is a tokenised real-world-asset stablecoin launched by the Verified USD Foundation on November 14, 2023. It is positioned as a community-based, native omnichain stablecoin designed for global payments, capital markets, and trade. USDV is pegged 1:1 to the US dollar and backed by tokenised short-term treasuries and overnight reverse repurchase agreements, with reserves held 100% in cash and highly liquid cash equivalents.
The token operates natively on Ethereum and uses LayerZero's omnichain infrastructure together with the Omnichain Fungible Token (OFT) standard, allowing it to move across more than 40 chains. A distinguishing feature is the ColorTrace algorithm, which tracks the lifecycle of minted tokens and lets the Foundation programmatically share yield with Verified Minters rather than retaining reserve interest centrally. Transparency is provided through on-chain tracking, Chainlink-powered Proof-of-Reserve monitoring, and daily statements of assets.
USDV has a total and circulating supply of approximately 17.14 million tokens. Importantly, the Verified USD Foundation announced on November 13, 2024 that it is removing all USDV from circulation and instructed holders to convert USDV to USDC by December 31, 2024. The project is therefore in a wind-down phase rather than active expansion.
USDV was created and is governed by the Verified USD Foundation, a not-for-profit, independent entity accountable for the stablecoin. Matthew Commons serves as President of the Verified USD Foundation; he is also Founder and President of Commons Partners and a Co-Founder of Cambridge. Ryan Zarick, CTO and Co-Founder of LayerZero, is publicly associated with the launch and has spoken about applying the ColorTrace algorithm to USDV. Gracy Chen is referenced as a Managing Director in launch coverage, and an individual identified as Joe from LayerZero also appears in launch materials. Velodrome Finance and Wintermute are listed among participants and partners in the launch announcement.
USDV is minted against tokenised short-term US Treasury securities and overnight reverse repurchase agreements. The first adopted underlying token was STBT, an ERC-1400 standard token giving accredited investors exposure to short-term US Treasury securities with maturities within six months. Approved partners known as Verified Minters deposit eligible collateral to mint USDV, and the Foundation tracks each minted batch through the ColorTrace algorithm so that yield generated by the reserves can be shared programmatically with the platforms and partners that contribute to active circulation.
Interoperability is handled by LayerZero and the Omnichain Fungible Token standard, which lets USDV exist natively across many chains without relying on wrapped representations. Three transparency mechanisms underpin the system: permissionless on-chain tracking of minting, coloring, and redemption updated in real time; Chainlink-based decentralised Proof-of-Reserve monitoring; and a daily Statement of Assets attested by financial institutions. New underlying collateral tokens must be 100% backed with Proof of Reserve, verifiable on-chain with timely minting and redemption, and audited by reputable security firms.
USDV's main differentiators are its omnichain design, its yield-sharing model, and its transparency stack. Rather than concentrating reserve interest with the issuer, USDV uses ColorTrace to track token provenance and share yield with Verified Minters and ecosystem partners, aligning incentives across the community. The project describes itself as the first stablecoin to reward Verified Minters based on their contribution to active circulation.
Its native omnichain architecture, built on LayerZero and the OFT standard, aims to remove the fragmentation and security trade-offs associated with bridged stablecoin copies, supporting seamless movement across more than 40 chains. The combination of real-time on-chain data, Chainlink Proof-of-Reserve, and daily attestations of real-world assets offers a high degree of verifiability. The Foundation also emphasises an equitable ecosystem model built around three community roles: Verified Minters, Operators, and Liquidity Providers.
USDV is designed as money for global payments, capital markets, and trade. Businesses can integrate USDV to offer utilities and liquidity to end users, while individuals can send, spend, save, and exchange USDV with anyone, anywhere, at internet speed and around the clock. Developers can build applications on any supported chain using USDV through the Omnichain Fungible Token standard.
Because it is pegged to the US dollar and backed by tokenised Treasury assets, USDV is intended for transactions that require a stable unit of account, cross-border settlement, and treasury management on-chain. The token supports conversion into a range of fiat currencies on consumer platforms. Given the Foundation's decision to remove USDV from circulation, the primary practical use for holders during the wind-down period has been conversion into USDC through the options described in the project's documentation.
USDV is deployed across Arbitrum, Avalanche, BNB Chain, Ethereum, Optimism, Polygon, Telos, and Viction, and is supported on more than 40 chains according to project materials. Ecosystem participants include Verified Minters, Operators, and Liquidity Providers. Key integrations include LayerZero for omnichain messaging, Chainlink for Proof-of-Reserve collateral monitoring, DIA Oracles for USDV price feeds on Telos integrated into Telos Bridge at launch, and STBT as the first adopted underlying collateral token.
Trading activity has been referenced on Velodrome Finance v2 through USDV/WETH and USDV/VELO pairs. The ecosystem is not in an expansion phase: the Verified USD Foundation announced on November 13, 2024 that it is removing all USDV from circulation, followed by a December 17, 2024 reminder for holders to convert USDV to USDC by December 31, 2024. The official website continues to display this notice, and market data reflects very low liquidity and trading volume alongside a significant deviation from the $1.00 peg.
USDV is not mined. It is a fiat-backed stablecoin issued against tokenised Treasury collateral, so there is no proof-of-work mining or inflationary block reward mechanism. New units enter circulation when approved Verified Minters deposit eligible underlying assets, and tokens are removed from circulation through redemption.
The closest equivalent to earning rewards with USDV is the protocol's yield-sharing model. Instead of paying interest to holders directly, USDV uses the ColorTrace algorithm to track minted tokens and programmatically share reserve yield with Verified Minters, Operators, and platforms based on their contribution to active circulation. Liquidity Providers could also earn trading fees by supplying USDV to supported pools such as those on Velodrome Finance v2. With the Foundation removing USDV from circulation, minting and yield-sharing activity have effectively concluded.
Standard self-custody precautions apply to USDV. Use a reputable non-custodial wallet that supports Ethereum and the other chains where USDV is deployed, and always verify the official contract address before interacting with the token. Because bridged and counterfeit assets are common, confirm that any USDV you receive comes from the official Ethereum contract or a legitimate native deployment, and avoid unfamiliar links or unsolicited token approvals.
Store recovery phrases offline and never share them. When using decentralised applications, review approval permissions regularly and revoke those you no longer need. Hardware wallets add a strong layer of protection for larger holdings. Given the Foundation's announcement that all USDV is being removed from circulation, holders should also follow the conversion instructions in the project's official documentation and complete any conversion before the stated deadline to avoid being left with an unsupported asset.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for USDV are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Verified USD (USDV) is ₹27.441302. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated USDV to USD rate at the top of BTCC’s price page. In terms of market scope, Verified USD records a 24h trading volume of ₹0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of ₹46.629718Cr. Its current circulating supply stands at 1.71Cr out of a maximum supply cap of ∞.
The price volatility of Verified USD (USDV) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as RBI or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (1.71Cr) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Verified USD (USDV) hit an all-time high (ATH) of ₹104.818331 on 2023-11-15 01:35, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at ₹2.322499 on 2025-11-04 19:55. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading USDV futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (₹0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s USDVUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Verified USD, simply log into your BTCC account with USDT margin available, navigate to the USDVUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for USDVUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: ₹27.441302), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for USDVUSDT with zero financial risk.
Trading Verified USD (USDV) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for USDVUSDT, and review its live price (₹27.441302) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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