Key Takeaways
Verona launched the verUSD dollar stablecoin for AI agent payments with over $100 million in commitments, as reported by BlockchainReporter.
According to BlockchainReporter, the network formerly known as XION, Verona, has launched verUSD, a dollar stablecoin designed for AI agents to pay for verified data and settle transactions. The release states the coin launches with over $100 million in commitments, comprising more than $60 million in signed, committed revenue and capital pledged by ecosystem partners including Animoca Ventures, Figment Capital, Sfermion, Pentos, and Arkstream.
verUSD is issued through Brale, a FinCEN-registered money services business in Des Moines, Iowa, and is backed one-to-one by dollar reserves held at regulated US financial institutions, with redemptions handled through Verona. The stablecoin goes live on Ethereum, Polygon, Avalanche, Optimism, Arbitrum, Celo, and Solana, with additional chains to follow.
Verona reports that it has settled payments in USDC for four years and that its verification technology has handled over 70 million verified interactions across 5 million users. Anthony Anzalone leads Burnt Labs, the team behind the network, while James Ho heads Animoca Ventures.
Source & Fact-Check Note
https://blockchainreporter.net/verona-launches-verusd-stablecoin-for-ai-agent-payments-with-100-million-in-commitments/
