May 12, 2025 – OPENVERSE NETWORK has officially launched the VRC-11 protocol bluepaper, introducing a next-generation stablecoin solution tailored for enterprise and national-level use cases, marking the dawn of the “Privcurrency” era.

At its core, the VRC-11 protocol leverages Bitgold’s 38.2% collateralization mechanism, enabling decentralized stablecoin minting via smart contracts. It offers high stability, low cost, and strong scalability, supporting diverse use cases such as cross-chain payments, on-chain spending, and offline transactions. The protocol is particularly suited for cross-border settlements, supply chain finance, corporate treasury management, and the financial infrastructure of small-to-medium nations, providing a trusted and efficient value carrier for the global digital economy.

As a key component of the OPENVERSE NETWORK ecosystem, the VRC-11 protocol not only bridges the gap in public stablecoin adaptability for niche scenarios but also signifies OPENVERSE NETWORK’s pivotal evolution from a general-purpose protocol to industrial financial infrastructure. It will synergize with VRC-10, VRC-12, and other protocols to build a full-stack decentralized economy encompassing content, payments, and finance.

Link: https://cdn.openverse.network/docs/openverse_vrc11_privcurrency_bluepaper_2.0.0.pdf