The blockchain once known as EOS is back—with a new name, a new direction, and a new partner. Now rebranded as Vaulta, the network has teamed up with digital asset platform VirgoCX to launch VirgoPay, a remittance service designed to offer faster, cheaper global payments using stablecoins.
Vaulta is taking a more mature approach this time. Unlike its early years, marred by governance gridlock and validator collusion, the project now leans on the Vaulta Foundation to steer growth and implement upgrades. Token-holder governance still drives decisions, but a central coordinator ensures continuity and progress.
VirgoPay’s stablecoin-centric model runs on Vaulta’s settlement layer, with native USDT issuance and bridged USDC via exSat. In the event of a stablecoin depegging or regulatory freeze, the app’s flexibility allows it to shift assets quickly. Smart contract features such as peg alerts and risk triggers help protect users.
Vaulta is launching in regulated markets, and while the protocol remains permissionless, applications like VirgoPay handle local compliance through licensing and partnerships with financial institutions. VirgoCX, for example, is already a registered MSB in Canada and is scaling into other regions gradually.Unlike Ripple or Stellar, Vaulta doesn’t just focus on payment rails—it aims to be a financial services framework. With tools for real-world asset issuance, compliance tracking, smart custody, and modular DeFi, Vaulta is building what it calls a “Web3 Banking OS”—a foundation for fintechs and banks alike to build compliant, scalable digital finance tools.
