VeChain Update: USDGLO Introduces Stability and Eco-Friendly Liquidity to the VeChainThor Blockchain.

The VeChain ecosystem has introduced a new eco-friendly stablecoin, USDGLO, to benefit its users. The VeChainThor protocol is at the forefront of various sustainability efforts. Additionally, the VeChain network is increasingly recognized in the blockchain industry due to its distinctive infrastructure. The Glo Dollar Foundation has recently introduced its USDGLO stablecoin on the VeChainThor blockchain through a new partnership. The announcement disclosed that USDGLO trading pairs are now accessible on VeChain’s decentralized exchange, VeSwap. Users can utilize BetterSwap’s aggregator feature to access the stablecoin, which is another decentralized exchange on the VeChainThor blockchain. This integration will enable swapping between VeUSD and USDGLO. Users are able to utilize this feature to exchange the VeUSD stablecoin on a one-to-one basis and regain liquidity. It has been disclosed that the integration also facilitates the conversion of Glo Dollars to USD or USDC. Nonetheless, USDC won’t be introduced right on the VeChain blockchain; instead, it will debut on different networks that are already compatible with it. This collaboration is advantageous for both VeChain and the Glo Dollar Foundation. The VeChain Foundation will obtain profits from Glo Dollar generated by on-chain activities to acquire B3TR tokens.