TechFlow news, Velo Labs officially announced the integration of BlackRock's tokenized short-term U.S. Treasury fund (BUIDL) into USDV, its ecosystem's stablecoin. This move will bring smoother transaction experiences and enhanced yield opportunities to over one million users across Southeast Asia.
USDV, the primary value storage and transfer unit within the Velo ecosystem, is now backed by BlackRock’s dollar-denominated institutional digital liquidity fund (BUIDL), tokenized via Securitize.
Users and merchants on Velo’s Orbit payment app can leverage USDV for seamless transactions, bankless value storage, cross-border remittances, and 24/7 local currency exchange, while earning on-chain yields. Additionally, Velo’s foreign exchange, commodity, and cryptocurrency traders can access compounded returns through various Velo liquidity pools and staking programs.
