On the evening of December 23rd, Usual, a decentralized stablecoin protocol, said it had secured $10 million in the Series A round led by the Binance and Kraken venture capital arms Binance Labs and Kraken Ventures.
On Dec. 18, the stablecoin issuer announced it has forged a strategic alliance with Ethena Labs and Securitize, the tokenization platform for BlackRock’s BUIDL fund to provide the benefit of combined liquidity, yield and composability.
The positive news has fueled a strong rally in the price of USUAL. Compared to its listing price on December 18th, USUAL has surged by as much as 65%.