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    An Airdrop On The Occasion Of VeUSD Launch

    The VeChainThor blockchain is an open source platform backed by Singapore VeChain Foundation.

    On Monday, March 14, 2022, VeChain enterprise blockchain project is launching the VeUSD stablecoin on its mainnet.

    The VeChainThor blockchain is an open source platform backed by Singapore VeChain Foundation.

    The VeUSD stablecoin will be fully backed by physical reserves of fiat money at a ratio of 1:1 and verified by Prime Trust, a trust company registered in Nevada. According to the VeChain team, VeUSD will be fully available for redemption at any time after the launch. It is expected that with the launch of VeUSD, VeChain will open up new opportunities for Web3 and decentralized finance (DeFi).

    The creators of the project have promised to release a video guide explaining the steps and methods of creating a stablecoin.

    To celebrate the launch, the team will distribute $550,000 to the users. The airdrop will take place in two stages.

    Recently, the creators of the project have made significant progress. The project aims for international expansion. Last month, VeChain opened its headquarters in Europe. Several partnership agreements with major brands, as well as government agencies from the European Union, have already been achieved.

    In January, VeChain received a prestigious award from the Chinese government. The Shanghai authorities have given the start-up the High and New Technology Enterprise (HNTE) status. The Shanghai government has also decided to grant the company a special tax position, which will allow the company to allocate large sums of money to important projects. The creators of VeChain emphasize that such support will allow them to further evolve in the field of blockchain and cryptocurrencies. 

    VeChain is actively engaged in the development of a unified state monitoring platform in the field of agriculture in China. The company is also exploring the fast-growing decentralized finance (DeFi) and non-fungible token (NFT) industries.

    Cooperation with the Simplex payment system has also seriously advanced. It is designed to help customers buy VET coins via Visa and Mastercard plastic cards.

    It is noteworthy that according to the auditing company Deloitte’s reports on the trends of the crypto industry in 2020, VeChain network surpasses Ethereum in terms of security and scalability.