TechFlow reports that a former Multichain engineer has launched a new cross-chain project called ValueRouter. According to the whitepaper, ValueRouter enables asset transfers across Ethereum, Avalanche, Op Mainnet, and Arbitrum using Circle's Cross-Chain Transfer Protocol (CCTP) and the ValueRouter relayer. The project also introduces a stablecoin called vTB. The ValueRouter Treasury Bill Token (vTB) is an ERC-1400 token backed by U.S. Treasury bills, offering qualified investors risk-free yields and transparency secured by multi-party computation (MPC).
vTB leverages blockchain transparency, immutability, and MPC for real-time auditing and regulatory compliance. Each vTB token is pegged 1:1 to the U.S. dollar and fully collateralized by a diversified basket of short-term U.S. dollar-denominated assets.
