We’re excited to announce that VNX Euro (VEUR), VNX Swiss Franc (VCHF), and VNX British Pound (VGBP) are now live on Base - further expanding the reach of non-USD stablecoins* across the DeFi landscape. VCHF and VGBP will be the first stablecoins on Base referencing CHF and GBP, unlocking new decentralized finance (DeFi) opportunities and broadening access to liquidity.
Stablecoins are digital assets designed to maintain a stable value relative to a specified asset or a pool or basket of assets (like fiat currencies or commodities), enabling faster and more accessible financial transactions, unlocking instant and affordable payments.
Base is a secure, low cost Ethereum L2 incubating at Coinbase that serves as a 24/7 global payment rail that operates at the speed of the internet. Typical transactions on Base happen in less than a second, for less than a cent, which enables anyone, anywhere to move money across the globe and build incredible onchain apps.
VNX launching on Base marks a key milestone in supporting real-world use cases in a high-velocity DeFi environment. Locally denominated stablecoins are essential for adoption because they broaden access to markets and better integrate with local financial systems. They make stablecoin-based services more accessible and relevant to users by reducing complexity and aligning with their everyday financial needs.
“At VNX, we share Base’s belief that decentralization is critical to creating an open, global financial system that is accessible to everyone,” said Alexander Tkachenko, CEO of VNX. “By bringing VEUR, VCHF, and VGBP to Base, we’re contributing to a more diverse and resilient stablecoin infrastructure – one that reflects real-world currency needs and supports borderless financial innovation”.
“We are excited that VNX is launching stablecoins on Base. Bringing local currencies onchain creates a global economy that works for everyone, everywhere, because it’s easier for people to transact in a familiar currency. VCHF and VGBP are the first stablecoins on Base referencing CHF and GBP , representing another step towards our goal bring the world on chain with local-denominated currencies in every country,” Xen Baynham-Herd, Head of Global Builders, Base
Advantages of Base:
Low fees: Consistently low transaction costs of less than 1 cent make onchain activity efficient and accessible.
Ethereum-grade security: All transactions are ultimately secured by Ethereum’s robust Layer 1.
Consumer-friendly UX: Native support for gasless transactions and wallet integrations improves user experience.
Developer-first tooling: Comprehensive infrastructure and resources have attracted hundreds of projects across DeFi, identity, and onchain commerce.
Aerodrome Liquidity Pools
Alongside the launch of VNX stablecoins on Base, we are also opening a series of concentrated liquidity pools on Aerodrome – the leading decentralized exchange on Base. Built on a capital-efficient AMM model, Aerodrome enables precise liquidity allocation and efficient onchain trading, making it a key platform for FX and stablecoin activity within the Base ecosystem.
These pools will soon be supported with incentives in the form of VNX Token – the governance token of the VNX Community Hub, a community-driven initiative created to accelerate the growth and adoption of VNX stablecoins across multiple chains.
VNX Euro (VEUR), VNX Swiss Franc (VCHF), and VNX British Pound (VGBP) are fiat-referenced tokens created under a regulatory framework by a Liechtenstein-based company registered with the FMA. They are fully backed by reserves and offer transparency through regular audits published on the VNX website.Designed to support cross-border payments, savings, and on-chain FX trading, VNX stablecoins already live across multiple blockchains, including Ethereum, Solana, Polygon, Avalanche, Tezos, Stellar, Celo and now Base.
* The term “stablecoin” is used herein for marketing purposes. VEUR, VCHF and VGBP are fiat referenced tokens which details are set out in the VNX GOLD BASED FIAT REFERENCED TOKENS TERMS AND CONDITIONS which are available for review at www.vnx.li
