@convergent_so $CVGT is a stablecoin project on SOL, allowing users to mint USV by collateralizing SOL.

Currently, there is no financing background found for this project, but the supporting parties are Jito and Pyth.

The current market cap is 6M, CA is: B7zNKphr8fjczB71oi9uF9pCd5XSNJvBn78TVF7kpump.

Currently, Circle is preparing for an IPO in the US stock market, and stablecoin projects are typically valued in the hundreds of millions or billions. Although this $CVGT doesn't have much background, the 7M price is indeed undervalued.

It feels stable, let's hold onto it long-term and see how it goes.