Zhao's Web3 Briefing | Continue Tracking @ veloprotocol one ️⃣ Regarding Velo Protocol Velo Protocol is a blockchain based financial protocol dedicated to building a global open financial network (commonly known as PayFi) that enables everyone to enjoy convenient and low-cost financial services. Velo focuses on three core areas: efficient and low-cost cross-border payment systems, digital solutions for physical assets, and an inclusive retail finance ecosystem based on its stablecoin USDV. two ️⃣ About Paxos Paxos is a globally leading regulated blockchain platform that reconstructs the financial system through tokenization technology, helping top companies such as PayPal and Mastercard achieve efficient asset circulation; The issuance of digital assets such as PYUSD and PAXG, as well as compliance frameworks regulated by multiple countries (such as the United States, Singapore, and the United Arab Emirates), is driving trillions of dollars in funds from inefficient channels to transparent, real-time, and trustworthy financial networks. two ️⃣ Recent Collaboration between Velo Labs and Paxos International Velo Labs cooperates with Paxos, a compliant financial technology company, to introduce its regulated and multi country regulated "interest bearing stable currency" USDL (supported by US treasury bond bonds, with daily automatic dividend payment) as the core reserve asset of USDV stable currency, which not only improves security, but also allows users to easily earn institutional income. USDL is the first "digital interest bearing US dollar" certified by the Abu Dhabi Financial Regulatory Authority (ADGM FSRA). The underlying assets anchor US treasury bond bonds and cash equivalents, and realize the automatic distribution of daily interest through smart contracts, so that ordinary users can also obtain the exclusive treasury bond bond income of institutions in the traditional financial market without barriers. In this cooperation, USDL will serve as the core reserve asset of Velo's core stablecoin USDV, significantly enhancing the security and profitability of its collateral. By holding USDV, enterprise users and businesses can enjoy daily interest settlement of US treasury bond bonds in real time and optimize cash flow management; Individual users can achieve "fund preservation+passive appreciation" synchronously in cross-border payments and daily transactions, just like using an electronic wallet. The Velo ecosystem has bridged the revenue bridge between Web3 technology and real-world assets, bringing a low threshold and high transparency "interest bearing digital dollar" solution to the Southeast Asian market, and promoting small and medium-sized enterprises and individual users to overcome traditional financial efficiency bottlenecks. ⭐ When Velo's open financial network meets Paxos' compliant interest earning technology, this collaboration turns "institutional level wealth management" into a digital service available to the public - using stablecoin USDV to achieve cross-border instant payment and automatic interest earning on assets, allowing Southeast Asian and even global users to truly experience Web3 universal finance.