XXION builds a user-first blockchain platform that hides crypto complexity from end users by using chain abstraction. This makes it easier for developers to create frictionless Web3 apps and onboard people who don’t know much about crypto. The product combines a programmable blockchain with cross-chain interoperability so assets and data can move smoothly across major networks. Real-world uses include decentralized social networks, global commerce, and blockchain games, all backed by governance from the ecosystem. XION differentiates itself by focusing on eliminating user-barriers to entry, enabling seamless cross-chain transfers, and offering customizable, governance-driven tooling for developers. The goal is to mainstream Web3 adoption by providing a practical, easy-to-use blockchain that developers can build on and users can interact with without needing crypto expertise.
Work here?Claim your company
Industries
Company Size
11-50
Company Stage
Late Stage VC
Total Funding
$43.5M
Headquarters
New York City, New York
Founded
2021
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$43.5M
Above
Industry Average
Funded Over
2 Rounds
Verona launches verUSD stablecoin for AI agent payments with $100M committed. * C. Monasterio * Published: September 29, 2026 * 1:43 am * Updated: September 29, 2026 * 1:43 am Table of Contents The Verona network, formerly known as XION, rolled out verUSD, a new dollar-pegged stablecoin specifically engineered to settle transactions and purchase verified data between artificial intelligence agents. Unveiled during Korea Blockchain Week in Seoul, the digital currency makes its debut backed by over $100 million in institutional commitments, integrating more than $60 million in contracted revenue volume and capital contributed by firms including Animoca Ventures, Figment Capital, and Sfermion. Issued through Brale under FinCEN regulation and maintaining 1:1 parity backed by U.S. bank reserves, verUSD launches initially across Ethereum, Polygon, Avalanche, Optimism, Arbitrum, Celo, and Solana. This strategic move seeks to lead the emerging agentic economy niche against offerings from competitors and traditional industry giants, prioritizing direct transactional throughput over speculative holding to power frictionless machine-to-machine operations. The next steps for the Verona ecosystem involve enabling interoperability across additional networks and publishing its initial reserve attestation reports, consolidating the technical adoption of verUSD within autonomous commercial frameworks. Disclaimer: Crypto Economy Flash News stories are prepared from official and verified public sources by its editorial team. Their purpose is to provide prompt information on relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. Crypto Economy recommend always checking the official channels of each project before making related decisions. Technology TL;DR: Vitalik Buterin addressed the evolution of privacy on September 23, 2026, at the 12th Global Blockchain Summit. Artificial intelligence systems and advanced analytics process Regulation TL;DR: The Hong Kong Monetary Authority (HKMA) plans to upgrade its CMU debt settlement platform before the end of 2026 to enable 24-hour, real-time on-chain Stablecoins TL;DR: BlackRock published its research report titled The Machine-Native Economy on September 22, 2026, focusing on the convergence between artificial intelligence agents and digital asset USDC vs Monero is a comparison between two opposing philosophies of what digital money should reveal. One is designed around transparency, stability, and integration with TL;DR: Anchorage Digital integrated the Frgmnt protocol to enable custody, minting, redemption, and staking of fUSD and sfUSD for institutional entities. Frgmnt operates on the Stablecoins TL;DR: Uniswap Labs processed $43.4 billion in stablecoin swaps during the second quarter of 2026. The StablePair Hook tool debuts on the Ethereum mainnet with Follow Crypto Economy on Social Networks Crypto Tutorials Crypto Reviews
Verona launches first stablecoin for AI agents with $100 million in institutional launch commitments. verUSD launches the first Stablecoin for AI Agents debuts in Seoul during Korea Blockchain Week with ecosystem partners across Ethereum, Solana, and beyond. September 28, 2026 09:00 ET | Source: Verona New York, NY, Sept. 28, 2026 (GLOBE NEWSWIRE) - Verona today launched verUSD (Verona USD), a U.S. dollar-denominated stablecoin, with more than $100 million in commitments from Animoca Ventures, Figment Capital, Sfermion, Pentos, Ero, Arkstream and other partners across the Verona ecosystem. verUSD launches natively across multiple blockchains from day one, including Ethereum, Polygon, Avalanche, Optimism, Arbitrum, Celo, and Solana, with additional chain integrations planned in the weeks following launch. Most stablecoins launch and then search for adoption. verUSD is launching the other way around. Verona has settled payments in USDC for four years across the projects building on its infrastructure. Swapping to verUSD is quick and simple for those teams, and it goes live with real usage on day one. More than $60 million in signed, committed revenue is already set to flow through verUSD as payments. That is not a projection. It is contracted volume, and it positions Verona to become one of the largest stablecoin issuers without ever having set out to be one. The rest are capital commitments from the partners across the ecosystem, including Animoca Ventures, Figment, Sfermion, Pentos, Arkstream, and others. "Our products are built to be invisible," said Anthony Anzalone, CEO of Burnt Labs. "We are not asking anyone to hold verUSD. We are powering the payment layer of the internet quietly, and if you use the internet, you will end up using it anyway. "verUSD is a fully reserved dollar stablecoin native to Verona, used to pay for verified data and settle agent transactions," said James Ho, Head of Animoca Ventures. "It launches into a network that already has real verification volume and paying customers, so it's tied to usage rather than speculation." verUSD is issued via Brale and is backed 1:1 by USD reserves held with regulated U.S. financial institutions, with redemption available through Verona. About Verona Verona (formerly known as XION) is a decentralized network of verified information built to power AI agents and restore trust to the internet. Verona gives AI agents the information they need to act on sensitive, real world data, cryptographically verifying data at the source and maintaining complete privacy. Verona's technology powers experiences across 115+ global brands including Uber, Amazon, Nike, and BMW, with over 70 million verified interactions across 5+ million users. Verona's investors include Animoca Brands, Multicoin Capital, and HashKey Capital, with $36M raised to date. Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Investing involves risk, including the potential loss of capital. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. You are solely responsible for your investment decisions and assume all associated risks. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.
XION has rebranded to Verona and announced an $18.5 million fundraise for its flagship app EarnOS. The company is transitioning from a web3 infrastructure provider to a verification and intelligence layer for AI agents. Verona's platform allows AI agents to access verified data without repeated verification or data exposure. Users verify information once and can authorise AI agents to reuse it whilst maintaining privacy. The technology aims to enable AI agents to handle sensitive tasks like prescription refills or mortgage applications. The company's technology currently powers experiences across over 115 global brands including Uber, Amazon, Nike and BMW, with 69 million verified interactions across three million users. Verona has raised $36 million to date from investors including Animoca Brands, Multicoin Capital and HashKey Capital.
EarnOS raises $5 million to reinvent brand-user interactions online.
From parent company Burnt, XION offers developers a way to build "consumer-ready Web3 products from the ground up."
Find jobs on Simplify and start your career today
Industries
Company Size
11-50
Company Stage
Late Stage VC
Total Funding
$43.5M
Headquarters
New York City, New York
Founded
2021
Find jobs on Simplify and start your career today