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To add to the sibling comment mentioning that "v" as the vowel "u" was a thing in Latin historically, it does get used this way sometimes in "fancy" signs in English even today (I've seen it mostly on buildings that have Greco-Roman architecture styles, which is fitting). From a quick google, I found this [1] picture of the word "county" spelled with a "V".

[1]: https://content.9news.com/photo/2016/08/26/citycounty2_denve...

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The main entrance to MIT has carved over it MASSACHVSETTS INSTITVTE OF TECHNOLOGY

My initial instinct was that a v is easier to engrave than a u because straight lines. That falls short once you notice all of the other curvy letters.

In majuscule forms (i.e., all upper case) V was the normal shape for u/v while in minuscule forms (i.e., all lower case), u was the normal shape. This is why you’ll see V in engravings rather than U. Albrecht Dürer‘s Of the Just Shaping of Letters which shows only upper-case forms provides a V shape but not a U shape. His textura, at the end of the book, has a single letter in the upper-case, but both ü and v in the lowercase with a distinct base character beneath the umlaut for ü.

https://commons.wikimedia.org/wiki/File:Massachvsetts_Instit...

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