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Follow this real-time VeChain price chart to speculate on the price movements of the VET/USD pair. With this convenient live chart, you can view the current VET/USD price, analyze the price dynamics, trace historical VET to USD exchange rates, build your trading strategy, and trade VeChain with leverage on Flurex Option.
VET/USD (VET to USD) is a currency pair in which VET stands for the base currency and USD stands for the quoted currency. This currency pair depicts the amount of USD required to purchase one VET. VET stands for VeChain token, which is VeChain's official cryptocurrency unit. Sunny Lu, the former chief information officer (CIO) of Louis Vuitton China, established VeChain in 2015. VET is coupled with the US dollar, one of the world's traditional currencies that the US government controls and supports.
VeChain is an enterprise blockchain technology that seeks to deliver a complete picture of an organization by removing data silos. VeChain also wants to be a prominent platform for initial coin offerings (ICOs) and executing transactions between IoT-connected devices. VeChain (VET) is a good investment, according to CoinSwitch, because the price of a single token has climbed over time. It is also useful to organizations who use the VeChain blockchain since it allows for improved supply chain monitoring. Vechain is a cryptocurrency that caters to blockchain and logistics requirements. The VeChainThor blockchain platform uses VeChain software to improve real-world supply chain management and commercial processes. It has intrinsic value outside of market fluctuations because of this real-world application.
A US dollar is made up of 100 cents. To distinguish it from other dollar-based currencies, it is designated with the symbol $ or US$. The United States dollar is the most widely used currency in the world and is regarded a benchmark currency.
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