Verified USD Foundation Allies with Chaos Labs to Expand USDV Stablecoin

The Verified USD Foundation has announced a new collaboration with blockchain analytics firm Chaos Labs to support the expansion of USDV, its real-world asset (RWA) backed stablecoin.

Through this strategic alliance, both organizations aim to accelerate innovation and adoption of USDV across decentralized finance (DeFi) and centralized finance (CeFi) applications.

TLDR

• Verified USD Foundation partners with Chaos Labs to support the expansion of the USDV stablecoin ecosystem
• Partnership will provide data-driven analytics and intelligence to inform governance and growth decisions
• Chaos Labs will examine liquidity patterns, usage data, risks to provide advisory services
• Collaborating to integrate USDV with new blockchain protocols and support partnerships
• USDV is an RWA-backed tokenized stablecoin offering transparency and accessibility across protocols

As per the official release shared with Blocknomi, Chaos Labs will leverage its expertise in risk management and on-chain data analytics to provide actionable intelligence guiding the growth and evolution of the USDV ecosystem.

Specifically, the firm will examine factors like 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 looks to expand its presence across various blockchain networks and collaborate with decentralized autonomous organizations (DAOs). Omer Goldberg, CEO of Chaos Labs expressed enthusiasm about supporting USDV’s commitment to transparent and sustainable growth.

On similar lines, Matthew Commons, President of the Verified USD Foundation, stressed that the collaboration would ensure secure expansion into DeFi applications while unlocking new utility for USDV holders.

As a refresher, USDV is an omnichain stablecoin launched in November 2023, with its value pegged to US$1 and fully backed by a basket of tokenized real-world assets held in custody. The first such asset backing USDV’s reserves is STBT, a tokenized US treasury bill product managed by Standard Treasury.

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 Chaos Labs partnership in tow, the Foundation aims to build on the early success of USDV and accelerate its utility and adoption throughout 2024 and beyond.