Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list USDV (Verified USD) on Dec 4, 2023 (UTC). The details are as follows.
List Time
1. Deposit: 07:00 on Dec 4, 2023 (UTC)
2. Withdrawal: 07:00 on Dec 4, 2023 (UTC)
3. Trading pair: USDV/USDT
4. Trading: 09:00 on Dec 4, 2023 (UTC)
About USDV
Verified USD (USDV) is a tokenized real world asset (RWA) backed stablecoin built for modern finance.
Verified USD (USDV) is a stablecoin pegged 1:1 with the US Dollar, fully backed by STBT, which is backed by cash, overnight repo and short-term treasuries.
Compatible with the ERC-20 standard, USDV is a native omnichain stablecoin integrated with LayerZero’s Omnichain Fungible Token (OFT) Standard.USDV is powered by ColorTrace, a novel value attribution algorithm invented by LayerZero Labs, allowing community participants to receive rewards transparently and equitably for their contributions to the ecosystem.
USDV is backed by a reserve of tokenized Real World Assets. This reserve backing gives USDV its value and pegs it to the US dollar. In the future, USDV will expand support for the inclusion of other highly secure tokenized Real World Assets in underlying reserves.
About Automated Market Making (AMM)
AMM is supported for the USDV/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Dec 4, 2023
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