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Information about Usual (USUAL)
Usual is a decentralized protocol, embracing the shape of a decentralized banking system. It issues a fiat-backed stablecoin, collateralized by Real-World Assets (RWAs), combining the security of real assets with the composability and liquidity of DeFi. More than just a stablecoin issuer, Usual puts ownership and governance back into users’ hands through the USUAL token.
Usual is a multi-chain infrastructure that aggregates the growing supply of tokenized real-world assets (RWA) from entities such as BlackRock, Ondo, Mountain Protocol, M0 or Hashnote, turning them into permissionless, on-chain verifiable, composable stablecoins (USD0).
Usual has raised $7 million from leading venture capital funds such as Kraken Ventures, LBank Labs, Axelar, IOSG Ventures,… Just five months after its launch in July 2024, the platform’s user base has surpassed 50,000, with a total value locked (TVL) reaching $834.3 million.
USUAL is a native coin of the Usual ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
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News
USUAL trading volume is $180.4m. Market capitalization reaches $249.88m.
USUAL, a well-recognized DeFi platform, is currently experiencing significant pushback due to a recent protocol update. This update has led to substantial sell-offs from both users and investors. The community has been particularly vocal, with many expressing concerns and dominating conversations about the impact of these changes on the platform and their investments.
OKX Ventures made a strategic investment in USUAL, a decentralized stablecoin integrating real-world assets. This investment aims to enhance governance and foster community engagement to innovate financial interactions.
The stablecoin, known as USD0, is fully collateralized by tokenized U.S. Treasury Bills, ensuring its stability. USUAL challenges centralized competitors by allocating 90% of its tokens to users, enhancing user engagement.
With over 1.4 billion USD total value locked (TVL), USUAL is gaining prominence in the crypto sector. MAJOR backers, including Binance and Kraken, demonstrate increasing confidence in USUAL’s innovative approach to stablecoin issuance.
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%.
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