USD Foundation and Chaos Labs Ally to Expand USDV Stablecoin
The Verified USD Foundation has recently announced a new partnership with Chaos Labs, a blockchain analytics firm, to aid in the growth of USDV, its stablecoin backed by real-world assets (RWA). The goal of this collaboration is to advance innovation and increase the use of USDV in both decentralized finance (DeFi) and centralized finance (CeFi) applications.
In summary, the partnership between the Verified USD Foundation and Chaos Labs will provide data-driven analytics and intelligence to inform governance and growth decisions. Chaos Labs will analyze liquidity patterns, usage data, and associated risks to offer advisory services. The two organizations will also work together to integrate USDV with new blockchain protocols and establish partnerships.
According to the official release shared with Blocknomi, Chaos Labs will utilize its expertise in risk management and on-chain data analytics to provide actionable intelligence guiding the growth and evolution of the USDV ecosystem. This will include examining liquidity patterns, usage data, and associated risks to advise the Foundation on integrations with new protocols, asset listings, and partnerships.
The insights from Chaos Labs will inform the Foundation’s decisions as USDV seeks to expand its presence across various blockchain networks and collaborate with decentralized autonomous organizations (DAOs). Omer Goldberg, CEO of Chaos Labs, expressed excitement about supporting USDV’s commitment to transparent and sustainable growth.
Similarly, Matthew Commons, President of the Verified USD Foundation, emphasized that the partnership would ensure secure expansion into DeFi applications while unlocking new utility for USDV holders.
USDV, an omnichain stablecoin launched in November 2023, is pegged to US$1 and fully backed by a basket of tokenized real-world assets held in custody, with STBT being the first asset backing USDV’s reserves. The Foundation highlights features like on-chain transparency, accessibility across chains, and incentive mechanisms as key differentiators for USDV versus other stablecoins. The ecosystem has already secured over 30 partners, including leading DeFi and CeFi players like Avalanche, Bitget, Curve, and Optimism.
With the partnership with Chaos Labs, the Foundation aims to build on the early success of USDV and accelerate its utility and adoption throughout 2024 and beyond.
