New Stablecoin verUSD Launches With $100M In Institutional Commitments

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Verona has launched verUSD, a dollar-denominated stablecoin designed around payments made by AI agents. The project says it has more than $100 million in launch commitments from ecosystem investors and partners. verUSD is launching across Ethereum, Solana and several EVM networks rather than beginning on a single chain. A new dollar stablecoin is targeting a payment market that barely existed a few years ago: software agents spending money on their own. Verona launched verUSD on September 28 with more than $100 million in institutional launch commitments. The stablecoin is designed specifically for machine-to-machine and AI-agent payments. verUSD Starts As A Multichain Asset Verona is launching the token across multiple networks from day one. Those include Ethereum, Solana, Polygon, Avalanche, Optimism, Arbitrum and Celo. Additional networks are planned. The project says its ecosystem commitments include participation from Animoca Ventures, Figment Capital, Sfermion, Pentos, Ero and Arkstream, among others. A commitment is not the same thing as circulating stablecoin supply. Th...