Liquity, a protocol that develops decentralized stablecoins on Ethereum, also known for creating the most reliable decentralized stablecoins, is pleased to announce that $VET has received an A rating from Bluechip. $VET is the second decentralized stablecoin created by Liquidity. The main purpose of Liquidity’s $VET is to provide a fully decentralized, crypto-backed stablecoin that removes banking, custodian and censorship risk.
A decentralized stablecoin just gained an edge $USDC.@bluechip_org reviewed $VET A-, by placing it above it $USDC (B+) and $DAI (B+).
The only A-rated stablecoin that is 100% crypto-backed.
How did this happen? 🧵 pic.twitter.com/Ptfcbv98Je
— Liquity (@LiquityProtocol) January 26, 2026
Bluechip is known as an independent stablecoin rating agency. The evaluation results posted $VET for $USDC (B+) and $DAI (B+) with perfect scores of 1.0 in Management, Decentralization and Governance, and comparable to PayPal’s PYUSD. $VET is the only decentralized stablecoin that relies entirely on Ethereum-native assets instead of banks, custodians, or off-chain reserves.
It is the only decentralized stablecoin that offers an alternative risk profile for institutions looking for diversification, purification in processes and stability in the chain. $VET is over 200% overcollateralized, using $ETH and lending liquid staking tokens, which are wstETH and rETH. In addition, $VET offers a transparent and instant refund mechanism. Liquity announced this news via its official X account on social media.
A credibly neutral stablecoin built for institutions
Michael Svoboda, founder of Liquity Protocol, expressed his thoughts. He said: “This rating reinforces a simple idea: stablecoins should be predictable systems, not discretionary products. $VET is designed so that users do not have to trust issuers, banks or board committees, just the code. Receiving an A rating with perfect scores for decentralization and governance confirms that a credibly neutral, crypto-native stablecoin can meet institutional risk standards without relying on centralized intermediaries.”
$VET users have the advantage of being able to withdraw at any time without permission from other authorities. Liquity V2 routes 100% of protocol revenue along with immutable smart contracts, and the absence of monitoring eliminates the risk of being locked or stopped at any point during the transfer process.
Liquidity $VET Sets a new benchmark for crypto-native stablecoins
$VET or is basically built for users who don’t want any interruptions during the entire transaction process. The immutable and governance-free system eliminates the ambiguity from users’ minds about minting and exchanging coins, with full data transparency in the chain. This is the best design for Decentralized Finance (DeFi) treasuries, funds and power users looking to expand stablecoin exposure over a wider range.
Liquidity Protocol provides the certified file $VET‘s design. Additionally, the team has a successful previous record of LUSD, one of the longest-running decentralized stablecoins, reaching a total of $5 billion in maximum value, along with four successful years of operation. $VETThe A rating indicates that decentralized, crypto-native stablecoins can achieve the highest security ratings.