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Binance Labs Backs Innovative Usual Stablecoins

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by Giorgi Kostiuk

a year 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.

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