VetraDAO launches DeFi stablecoin VUSD, with initial reserves reaching 380 million USD

ChainCatcher news, VetraDAO announced the launch of the ecosystem-level DeFi stablecoin VUSD, stating that the initial reserve of $380 million has been fully injected into on-chain custody, with real-time auditing and transparency.

VetraDAO mentioned that VUSD features multiple yield channels such as lending, LP market making, and CAC challenges, with a cumulative APY of up to 30%. Currently, VUSD has covered scenarios such as cross-border e-commerce, mining electricity costs, and community payments.

In addition, VetraDAO will cover core communities in the United States, Canada, Australia, Japan, China, India, and Singapore, and will simultaneously launch offline presentations; the Japan hackathon, China's "special season" airdrop, and stablecoin-related university courses are set to go live soon.