• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Labs Backs Innovative Usual Stablecoins

user avatar

by Giorgi Kostiuk

2 years ago

Binance Labs has announced an investment in Usual, a company issuing decentralized stablecoins with a focus on innovation and community involvement.

Binance Investment in Usual

Cryptocurrency exchange Binance confirmed that its venture arm, Binance Labs, has invested in Usual, a company aiming to revolutionize the stablecoin market with innovative solutions.

Usual's Unique Approach

Usual bases its stablecoin vision on real-world assets (RWA), redistributing value and ownership through its governance token, USUAL. Unlike traditional stablecoin issuers, Usual focuses on shared ownership and community empowerment, distributing 90% of USUAL tokens to its users, thus fostering a decentralized and egalitarian ecosystem.

Stakeholder Opinions

Alex Odagiu, Chief Investment Officer at Binance Labs, highlighted the importance of Usual's innovative approach for inclusivity and ecosystem growth: "We seek to support projects pushing the boundaries of stablecoin capabilities."

The partnership with Binance Labs will enable Usual to strengthen its position and execute its mission of introducing innovative solutions to the stablecoin market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Synthetix Proposes Basis Vaults for sUSD Stability

chest

Synthetix is considering a shift towards a more structured approach to support sUSD stability through basis vaults.

user avatarLuis Flores

Synthetix Founder Addresses sUSD Management Issues

chest

Kain Warwick, the founder of Synthetix, takes responsibility for the mismanagement of sUSD, highlighting ongoing challenges in maintaining its peg.

user avatarArif Mukhtar

Crypto Markets Under Pressure as Macro Conditions Tighten

chest

The crypto markets are currently facing increased pressure as macroeconomic conditions shift towards a more hawkish stance.

user avatarMaria Gutierrez

SEC Engages with South Korean Officials on Crypto Regulation

chest

The SEC met with South Korean officials and digital asset stakeholders to address regulatory gaps in the crypto market.

user avatarDavid Robinson

BlackRock Publishes New Portfolio Research Report

chest

BlackRock has released a new report based on its portfolio research, emphasizing the importance of accuracy, relevance, and impartiality in investment strategies.

user avatarAndrew Smith

CFTC Lawsuit Against Kentucky Highlights Jurisdictional Battle Over Prediction Markets

chest

The CFTC has filed a lawsuit against Kentucky, raising questions about the regulation of prediction markets in the U.S. The case will determine if federal derivatives law or state gambling laws govern these markets.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.