Verona, the blockchain network formerly known as XION, has officially introduced verUSD, a U.S. dollar-pegged stablecoin purpose-built for payments between artificial intelligence agents. The launch was announced during Korea Blockchain Week in Seoul on September 28, 2026, with more than $100 million in institutional launch commitments and over $60 million in contracted revenue volume.
The stablecoin is issued through Brale under FinCEN regulation and maintains a 1:1 parity backed by U.S. bank reserves. At inception, verUSD is live across Ethereum, Polygon, Avalanche, Optimism, Arbitrum, Celo, and Solana, with additional networks planned. Ecosystem participants include Animoca Ventures, Figment Capital, Sfermion, Pentos, Ero, and Arkstream, among others.
Verona is targeting the emerging agentic economy, where software agents need to settle high-frequency, small-value transactions for data, APIs, computing resources, and other services. The project says it has spent years settling payments in USDC across its infrastructure, and verUSD represents a shift toward a native payment asset designed specifically for machine-to-machine commerce.
Importantly, commitments are not the same as circulating supply: the $100 million figure reflects committed participation around the launch rather than verUSD already issued and trading. The team’s next steps include expanding interoperability to additional networks and publishing initial reserve attestation reports. The initiative still faces competition from established stablecoins such as USDT and USDC, and must build liquidity, integrations, and real transaction demand.
