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- VeChain’s VET and VTHO updates meet MiCA rules, confirming regulatory clarity and verification standards.
- Exchanges like Binance and Coinbase are bracing for changes to Hayabusa across both tokens following the upgrade.
VeChain announced that its Hayabusa upgrade has been fully recognized under the EU’s Market for Cryptoassets (MiCA) regulatory framework.
Both the VET and VTHO white papers have been formally updated and notified to the authorities on 19 November 2025. This comes after a governance vote approved the transition to a DPoS framework backed by updated token economics.
As part of the MiCA documentation, both whitepapers include detailed mechanisms for validator participation, token generation, and holder rights. It aims to ease due diligence procedures for regulated companies operating in all 27 EU member states.
This update reflects a restructured consensus process, and VET now supports validator participation and staking under the DPoS system. To qualify, validators must hold a minimum of 25 million VET, while delegators contribute indirectly by staking.
VTHO, the gas token on the VeChainThor blockchain, is no longer distributed passively. It is now dynamically issued to active stakers based on the amount of VET staked and network activity.
All transaction fees on VeChainThor will continue to be paid in VTHO. However, with the introduction of a dynamic issuance system based on VIP-254, the role of both tokens has become clearer in MiCA.
This change will ensure transparency for institutional users, compliance officers and everyday traders considering the regulatory position of VET and VTHO.
Top exchanges back to Hayabusa launch
Major institutions and trading partners are already preparing for Hayabusa deployment. Major global exchanges such as Binance, Coinbase, Crypto.com, KuCoin, and Revolut are ready for the technology transition and have confirmed support for upgrades across both tokens.
Neither VET nor VTHO has a fixed offering size or set trading price. Both are already listed on Certified Crypto Asset Service Providers (CASPs) and their liquidity will continue to fluctuate depending on market demand and VET staking activity.
VeChain emphasized that no new tokens will be issued beyond the established limit of 86,712,634,466 VET. VTHO, on the other hand, has no cap, but is subject to a burn mechanism that removes 100% of the gas fees paid from circulation.
Node NFT is maintained as a classification system for delegators. These include tiered reward weights and capped supply for participants who meet certain staking thresholds. For example, economic nodes such as Flash and Lightning require 10,000 to 15,000,000 VET, while X nodes require up to 15.6 million VET for maximum rewards.
Looking ahead, VeChain’s roadmap is to launch the Stargate testnet by the end of 2025. Following this, the next phase called “Interstellar” will launch in 2026, introducing JSON-RPC support to improve cross-chain interoperability.
These upgrades aim to expand the scope and capabilities of the VeChainThor ecosystem, with a focus on sustainability-driven applications.
