- VeChain integrates USDGLO, enhancing its DeFi ecosystem and community governance.
- A 1:1 swap initiative for VeUSD holders ensures liquidity restoration after Prime Trust’s bankruptcy.
VeChain has announced the integration of the USDGLO stablecoin into its blockchain, strengthening its DeFi ecosystem and furthering sustainability efforts.
Developed in collaboration with the Glo Dollar Foundation, USDGLO is based on a unique business model where profits from its treasury are channeled into environmental and sustainability initiatives.
— VeChain (@vechainofficial) March 18, 2025
The stablecoin is now available on VeChainThor, supported by trading pairs on decentralized exchanges, including VeSwap and BetterSwap.
One of the primary characteristics of this integration is that it makes possible the exchange of USDGLO for VeUSD. This is particularly important as it helps users recover funds following the bankruptcy of Prime Trust, which had previously impacted VeUSD holders.
The swap feature offers liquidity rewards to the ecosystem so that users can make the transition without any issues.
In addition, VeChain’s integration with Glo Dollar brings new channels of liquidity to its blockchain. Users can convert Glo Dollars to USD or USDC, expanding the availability of the stablecoin across networks.
Profits generated on-chain from transactions of USDGLO will be utilized to make strategic purchases of B3TR tokens, which will be added to the treasury of VeBetterDAO to advance the projects of the community through governance.
USDGLO Expands VeChain’s Sustainability Initiatives
The addition of USDGLO offers new prospects for VeChain’s ecosystem, particularly in its sustainability-focused VeBetter initiative. The stablecoin is used in various applications to encourage environmentally responsible behavior and ease financial transactions.
For instance, projects like Cleanify, Mugshot, and GreenCart can leverage USDGLO to incentivize users for sustainable habits such as reducing waste, using reusable items, and making green purchases.
Besides, the openness of blockchain allows efficient cross-border donations because it is possible to trace and authenticate the money.
Beyond individual purposes, USDGLO also strengthens VeChainThor’s DeFi ecosystem through more liquidity pathways. Decentralized protocols and applications are supported via better Treasury management and risk-free financial transactions.
The presence of a sustainability-backed stablecoin also creates room for partnerships, allowing organizations to explore new payment solutions.
One of the major areas of application is the potential of decentralized payment in global initiatives. Carboneers, for instance, might utilize USDGLO to pay farmers directly in developing regions at a low expense, increasing the level of financial inclusion.
These applications highlight the potential of USDGLO in integrating blockchain with real economic activities.
VeUSD to USDGLO Swap Initiative
To ensure a smooth transition in the community, VeChain has introduced a special swap program for holders of VeUSD. The swap program, which runs from March 18 to April 17, allows users to exchange VeUSD with USDGLO at a fixed 1:1 ratio on VeSwap.
This move comes as a reaction to VeChain’s assurance to assist users who had suffered from the Prime Trust collapse, which had put VeUSD holders in a difficult position.
Preparation for this swap has involved the VeChain Foundation taking proactive steps to purchase USDGLO to facilitate this. The purpose is to ensure that users do not incur additional losses when recovering stablecoin assets.
This measure not only provides relief to users affected at the time, but it also enhances trust within the VeChain community.
With the successful launch of VeChainThor, the ecosystem moves forward with more DeFi functionalities and new avenues of expansion.
Nonetheless, these initiatives further strengthen VeChain’s long-term vision of promoting blockchain adoption and promoting sustainability and efficiency in finances.