VELO announced the launch of stablecoins pegged to Asian currencies such as the Thai Baht, Vietnamese Dong, Philippine Peso, and Indonesian Rupiah, allowing users to make on-chain payments and settlements without needing to exchange for US dollars.
This initiative can effectively reduce exchange rate losses and the time costs of cross-border payments, enabling digital currencies to truly serve local needs. Users can transact directly in their local currency, avoiding the extra fees and delays associated with traditional currency exchange.
VELO's localized stablecoin strategy further enhances the practicality of digital currencies, bringing them closer to the actual usage scenarios of users.
#VELO
Not everyone wants to hold USD just to make a local payment.
That’s why VELO is planning to roll out stable coins pegged to your own currencies like THB, VND, PHP, and IDR, designed to actually work for people living and transacting in Asia.
No more converting into USD, then out again, losing value and time. With VELO’s regional stable coins, you can pay, get paid, and settle trades in the currency that matters to you, instantly, on-chain, and with zero stress about the FX swings.
Because digital money should be as local and practical as your morning coffee. ☕💸
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