According to Odaily Planet Daily, Velo Labs has selected OpenEden's tokenized U.S. Treasury bonds (TBILL) as the reserve collateral asset for the stablecoin USDV.

USDV is a stablecoin that is over-collateralized by a basket of assets such as Velo’s native token (VELO) and USDT, and this move will enhance the collateral backing the USDV stablecoin.