- VeChain’s VET and VTHO updates now meet MiCA rules, confirming regulatory clarity and validator criteria.
- Exchanges like Binance and Coinbase are prepared for Hayabusa changes across both tokens post-upgrade.
VeChain has announced that its Hayabusa upgrade is fully recognized under the EU’s Markets in Crypto-Assets (MiCA) regulatory framework.
The whitepapers for both VET and VTHO have been formally updated and notified to authorities as of November 19, 2025. This comes after a governance vote approved the shift to a DPoS framework, backed by refreshed token economics.
As part of MiCA documentation, both whitepapers include detailed mechanisms for validator participation, token generation, and rights of holders. This is aimed at easing due diligence procedures for regulated entities operating across all 27 EU member states.
The updates reflect a restructured consensus process where VET now supports validator participation and staking under the DPoS system. To qualify, validators must hold a minimum of 25 million VET, while delegators contribute indirectly by staking with them.
VTHO, the gas token for the VeChainThor blockchain, is no longer distributed passively. It is now dynamically issued to active stakers based on the volume of staked VET and network activity.
All transaction fees on VeChainThor continue to be paid in VTHO. However, with the introduction of the dynamic issuance system under VIP-254, both token roles are clarified under MiCA.
The changes ensure transparency for institutional users, compliance officers, and everyday traders reviewing VET and VTHO’s regulatory standing.
Top Exchanges Back Hayabusa Launch
Key institutional and trading partners are already prepared for the Hayabusa implementation. Leading global exchanges, including Binance, Coinbase, Crypto.com, KuCoin, and Revolut, are ready for the technical transition, confirming their support for the upgrade across both tokens.
Neither VET nor VTHO has a fixed offering size or set trading price. They are both already listed on authorized crypto-asset service providers (CASPs), and their liquidity will continue to fluctuate depending on market demand and VET staking activity.
VeChain emphasized that no new tokens will be issued beyond the established cap of 86,712,634,466 VET. Meanwhile, VTHO remains uncapped but is subject to a burn mechanism that removes 100% of gas fees paid from circulation.
Node NFTs have been maintained as a classification system for delegators. These include tiered reward weights and capped supply for participants meeting specific staking thresholds. For example, Economic Nodes like Flash and Lightning require between 10,000 and 15,000,000 VET, while X Nodes demand up to 15.6 million VET for maximum rewards.
Looking ahead, VeChain’s roadmap anticipates launching the Stargate testnet by the end of 2025. This will be followed in 2026 by the next phase, named “Interstellar”, which will introduce JSON-RPC support for improved cross-chain interoperability.
These upgrades aim to expand the reach and functionality of the VeChainThor ecosystem, with a focus on sustainability-driven applications.