Onramp Money Expands Horizons for Vyvo Smart Chain: Adding Support for USDV Token
We are excited to announce a massive update that aligns perfectly with our commitment to providing our users with access to cutting-edge financial solutions. We are now adding support for the USDV token, a stablecoin with a difference, allowing users from India to purchase USDV with INR.
The USDV protocol, which powers the USDV stablecoin, is a game-changer in the realm of decentralized finance (DeFi). It empowers users to obtain loans in USDV, a stablecoin pegged to the US dollar, using a variety of collateral options, including BTC, ETH, and FTM. What sets USDV apart is its unique minting mechanism that enables users to create USDV by locking up their collateral as backing.
How Does USDV Work?
Users can deposit their chosen collateral assets into their vaults, effectively locking them up as collateral. Once these assets are secured in the vault, users can mint USDV tokens against them. One of the most compelling features of this system is that users are not charged any interest for minting USDV through their vaults. This means they can hold their collateral in the vaults and use the minted USDV for as long as they need, without the financial burden of interest.
USDV: A Stablecoin with a Difference
The USDV token is part of a new generation of stablecoins that are designed to provide stability in an otherwise volatile cryptocurrency market. Each USDV token is backed by real-world assets, making it a trustworthy and reliable store of value. This stability opens up a world of possibilities for users, including hedging against market volatility and accessing loans without the risk of liquidation.
With Onramp Money’s support for USDV, users in India gain a seamless gateway to this innovative financial ecosystem. Our platform ensures a user-friendly experience, making it easy for individuals to purchase USDV with INR. This expansion aligns with our mission of democratizing finance and enabling access to the latest financial tools and services.
As we continue to expand our offerings, we remain committed to providing secure, reliable, and user-centric solutions for our growing community. The addition of USDV support is just one of many steps we’re taking to ensure that everyone can participate in the financial revolution.
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Stay tuned for more updates, and welcome to the world of Onramp Money — where financial possibilities know no bounds!
About VYVO Smart Chain
VSC redesigns the way people’s health data is shared and monetized, giving back the control and ownership to the people who should own them and their value.
USDV protocol allows all users to get a loan in USDV stablecoin with collateral in various assets, such as BTC, ETH, and FTM.
USDV can only be minted through locking collateral to back its value. Users can deposit collateral to their vaults and mint USDV against it. Users will not be charged any interest for minting USDV through vaults. Thus, they can hold their collateral in vaults and use minted USDV for as long as possible without any interest.
About Onramp Money
Onramp.money is a leading provider of fiat-to-crypto onramp solution, offering a seamless and secure way for users to trade cryptocurrencies using their fiat currencies. Prioritising user experience and safety, Onramp.money delivers a fast, dependable, and secure platform that caters to both the purchase and sale of cryptocurrencies.