VeUSD is VeChain's first stable coin, fully backed at a 1:1 ratio with USD. 

Developed by Stably, onboarded by CREAM and with stablecoins issued by Prime Trust, a Nevada-chartered trust company from the US, VeUSD promises to unlock new applications and new functionalities for community and enterprise partners alike.

We can imagine scenarios where cross-border payments can be made quickly and easily, directly to individuals helping with, for example, environmental remediation, ensuring all monies reach their targets while providing a free and easily accessible digital wallet for unbanked areas of the world, reducing friction and costs in areas where it makes the greatest difference.

The VeChainThor blockchain can store key data from across the data trail and make payments based on predefined criteria - for example, recovery of a certain weight of waste material from an environment, verified by compliant IoT technologies with processes certified by global compliance authorities.

With the power of a stablecoin now on the VeChainThor blockchain, many doors are opened. 

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