🪙 How $USDV is Created in the Velo's Ecosystem 1. To create 1 $USDV (worth 1 $USDT, like 1 U.S. dollar), you give 1 USDT worth of $VELO tokens as a promise. At the same time, the Foundation sets aside another 1 $USDT, which includes 0.5 USDT in $VELO and 0.5 USDT in assets like $BUIDL, $USDL or PLG Tokens (chosen by VeloDAO, a group of community voters). 2. Together, the total value backing each $USDV is 2 $USDT (your 1 USDT + the Foundation’s 1 USDT). This double protection keeps USDV’s value from falling and ensures it stays steady at 1 USDT. You use VELO to make USDV, and the Foundation adds extra value to make it twice as safe, so it doesn’t lose its worth. Read more about USDV in the PayFi Litepaper here:

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