Velo

Organization Name – Velo

Category – Payment

About

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Velo Protocol is a trust-minimized financial network built to streamline cross-border payments and digital credit issuance, especially targeting underserved enterprises and remittance corridors in Sou…theast Asia and beyond. Initially launched in September 2020 on Stellar, it allows approved institutions (“Trusted Partners”) to mint fiat‑pegged digital credits (e.g. USDV) collateralized 1:1 with VELO tokens deposited on Stellar. Settlement and ledger accounting occur via Stellar’s high-throughput layer‑1, while business logic—including issuance, collateral monitoring, and credit management—is facilitated on Velo’s Evrynet smart-contract chain, an enterprise-grade fork combining PoS and BFT consensus that zeroes out gas costs for partners. Value flows across Stellar and Evrynet through the Warp bridge protocol. VELO’s utility spans collateral backing, staking, transaction fees, governance access, and fee rebates within Orbit, the mobile payments super‑app. The ecosystem expanded in 2023 under a rebrand and roadmap rollout announcing its integrated Web3+ suite—including Quantum (remittance engine), Universe (hybrid DEX), Nova Chain (EVM‑compatible layer), Orbit (QR‑based P2P payments), and Warp (multi‑chain bridge).

VELO underwent a 6 billion token burn in 2022 to shrink its max supply from 30 B to ~24 B; circulating supply was roughly 7.39 B by late 2024 with vesting schedules spanning years for founders, partners, and community reserves.

Governance and utility evolved alongside Orbit, which aims to onboard hundreds of thousands of merchants—starting in Thailand and expanding across SEA—through QR‑based payments integrated into retail environments.

VELO also inked a partnership with Solana Foundation in 2024 to pilot a digital‑gold clearing house in Laos, reinforcing its focus on real-world financial infrastructure.

The network’s vision is to connect banks, remitters, and fintech with next-gen programmable money rails: Stellar for settlement, Evrynet for business logic, and Web3+ tools for growth. VELO tokens are used to collateralize digital credits, pay fees, stake for rewards, and participate in governance. Trusted Partners use Velo’s protocols to issue stablecoins and facilitate instant, low-cost cross-border transfers. The hybrid DEX Universe and smart-chain Nova extend functionality for developers and users to trade assets and build interoperable applications. Warp bridges link Stellar, BNB chain, Ethereum and future chains. Orbit simplifies user-facing payments. Strategy emphasizes regulatory alignment, institutional partnerships (e.g. Siam Commercial Bank, UnionBank, Paxos, BlackRock Securitize), and scalable infrastructure for real economy use cases.

Velo’s collateral-based digital issuance, bridging of fiat‑to‑crypto rails, multi‑product Web3+ stack, and tightly integrated partnerships position it as a forward‑looking fintech infrastructure layer. It strives for financial inclusion, faster remittance flows, real‑time liquidity, and transparency while reducing friction and costs compared to traditional cross‑border rails. With tokenomics structured to support long‑term alignment and its ecosystem progressively launching products over 2023‑2025, Velo continues to expand adoption among institutions and emerging markets. The protocol is also perceivably better positioned for real‑world utility relative to many crypto-native platforms, rooted in real credit issuance and interoperability with existing financial systems. Community sentiment remains mostly supportive, though past scams involving fake tokens labeled “VELO” are frequently flagged and actively warned against by users, especially where phishing/malicious clones proliferate; official contracts and channels remain clear and traceable on Stellar/XLM and BNB Chain. Read More