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Virtual USD $VUSD is a U.S. dollar based stablecoin backed by onchain and 24/7 verifiable reserves. #VUSD

Blockchain
Joined July 2024
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The VUSD smart contract is now paused and will remain paused indefinitely. Almost 100% of VUSD units were redeemed at a 1:1 ratio, with exclusions being unclaimed airdrops, blacklisted funds, & among others. Further queries can be directed to [email protected] until 31/12/24.
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VUSD continues onboarding new institutions and will process redemptions 1:1 as outlined in our terms and white paper. Institutions can email [email protected] for streamlined support. No changes have been made to VUSD's services or representations since inception. Thank you.
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VUSD will be converting collateral to yield earning USDC in order to ensure and streamline 1:1 redemptions for our approved institutional clients.
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VUSD has blacklisted 3,299,656 $VUSD which will be removed from the total supply of VUSD which is now: 9,625,725. Onchain burns of the corresponding black list will occur at a later date on a function upgrade. Onchain reserves will be redeemed respectively.
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$VUSD will be processing redemption requests recently received. There will be #VUSD burns & collateral redemption transfers. These are authorised transfers & will correlate to VUSD burns & institutional collateral transfers within 24 hours. VUSD will remain over-collateralized.
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VUSD does not have a Telegram group or Discord for security purposes. Please be aware of scammers attempting to mislead. The only official VUSD communication is through our contact form at VUSD.com or email via the pinned message on T.me/VUSD
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In order to verify reserves of VUSD, a cold wallet transaction of 0.092024 will be sent to SELF which represents the current month and year in approximately 5-10 minutes.
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The Virtual USD $VUSD post mortem is now available. $VUSD remains unaffected by the recent incident with @OnyxDAO and is fully backed by reserves onchain. For more details see below: t.me/vusd/33
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The VUSD team will have a post mortem for the unauthorised activity that occurred on the Onyx Protocol.
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$VUSD is an over-reserve backed stablecoin with all reserves visible onchain at etherscan.io/address/0xB7Eae… but with the compliance of a centralised stablecoin.
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We're pleased to announce that $VUSD is now also listed on @CoinMarketCap 👇 coinmarketcap.com/currencies…
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The $VUSD Smart Contracts have now been audited by Peckshield. View the audit below 🛡👇 github.com/peckshield/public…
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We submitted an update request for @coingecko to update our circulating supply with ticket ID TU0409240014 💰geckoterminal.com/eth/pools/…
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$VUSD has also been submitted to @coingecko with request ID CL0409240001 - view the $VUSD $USDC pair on @GeckoTerminal at geckoterminal.com/eth/pools/…
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$VUSD is pending being added to @CoinMarketCap via ticket ID 975068 💰
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