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Velo and Paxos Announce Cooperation! Yield-bearing Stablecoin USDL Moves into Southeast Asia's Payment Network, What's Going On?
It's been a while since I've talked to everyone about @veloprotocol, and today there happens to be some fresh news—Velo Labs and @Paxos Paxos International have announced a strategic partnership in the Web3 finance sector, integrating the yield-bearing stablecoin USDL into the Velo ecosystem, so let's discuss this today.
For those unfamiliar, a brief introduction to Velo Labs: this is a PayFi project that has been deeply rooted in Southeast Asia for many years, and it is a major participant in the field of real asset tokenization (RWA) in the region. Their core product, the USDV stablecoin, is mainly positioned for cross-border payments and supporting real asset tokenization. It’s somewhat like a 'cross-border payment infrastructure tool' in the Web3 world—if Velo is likened to a 'construction company' building cross-border payment networks, USDV is like a 'stablecoin transport vehicle' running on this network, used for both international transfers and carrying real assets like real estate and bonds onto the chain. Currently, their business covers over 100 countries globally, and it is widely applied in cross-border payment scenarios in Southeast Asia and other regions.
For those unfamiliar, a brief introduction to Velo Labs: this is a PayFi project that has been deeply rooted in Southeast Asia for many years, and it is a major participant in the field of real asset tokenization (RWA) in the region. Their core product, the USDV stablecoin, is mainly positioned for cross-border payments and supporting real asset tokenization. It’s somewhat like a 'cross-border payment infrastructure tool' in the Web3 world—if Velo is likened to a 'construction company' building cross-border payment networks, USDV is like a 'stablecoin transport vehicle' running on this network, used for both international transfers and carrying real assets like real estate and bonds onto the chain. Currently, their business covers over 100 countries globally, and it is widely applied in cross-border payment scenarios in Southeast Asia and other regions.
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