The VeChain Ecosystem Welcomes Green Stablecoin USDGLO

USDGLO Goes Live on VeChainThor

The VeChain network continues to gain relevance in the blockchain space for its unique infrastructure. The Glo Dollar Foundation via a recent partnership with the network has launched its USDGLO stablecoin on VeChainThor.

As revealed in the announcement, pairs of USDGLO are now available for trade on VeChain’s decentralized exchange, VeSwap. Users can access the stablecoin through BetterSwap’s aggregator functionality, another decentralized exchange on the VeChainThor blockchain.

The integration will introduce swap functionality between VeUSD and USDGLO. This allows users to swap 1:1 the VeUSD stablecoin and recover liquidity. Moreover, it supports the exchange of Glo Dollars to USD or USDC, although USDC will not launch directly on the VeChain blockchain but on other networks that currently support it.

This partnership benefits both VeChain and the Glo Dollar Foundation. The VeChain Foundation will receive Glo Dollar profits from on-chain activity to purchase B3TR tokens, which will be transferred to the VeBetterDAO treasury supporting community governance and proposals within the ecosystem.

By transacting with this stablecoin, users will participate in this movement, and VeChain will provide periodic reports on the purchases and donations made to ensure transparency.

Notably, VeChain has acquired USDGLO to assist community members holding the redundant VeUSD stablecoin. Additionally, stablecoin donations through the VeChain blockchain allow for traceable funds across geographical borders.

Glo Dollar can also strengthen the VeChainThor ecosystem’s DeFi platforms, creating channels for new liquidity and offering dApps a secure way to maintain their treasuries.

A Bigger Goal Towards Sustainability

The USDGLO stablecoin provides stability and green liquidity to the VeChain blockchain. The Glo Dollar Foundation is sustainability-focused and leverages blockchain and stablecoins to promote environmental initiatives.

Through its sustainability-focused stablecoin, the Glo Dollar Foundation enhances the VeBetter ecosystem, offering new tools for developers, applications, and users. The network can utilize Glo Dollars in conjunction with B3TR to incentivize sustainable actions such as litter cleanup (Cleanify), reusable cup usage (Mugshot), and shopping (GreenCart).

As previously mentioned, VeChain’s VeBetter DAO has accomplished significant milestones in sustainability, including 3.24 million eco-friendly actions completed by users since January. VeChain has also integrated with Decentralized Better Action Networks (DeBAN), positioning itself at the forefront of sustainable blockchain initiatives by combining GreenTech, Regenerative Finance (ReFi), and AI-driven personalization.