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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

HANetf and HSBC Launch First GBP EUR-Hedged Bitcoin Products

HANetf and HSBC have announced the launch of the first GBP EUR-hedged Bitcoin products, marking a significant development in the digital asset ecosystem.

user avatarLuis Flores

Goldman Sachs Integrates $100 Billion Treasury Fund with Crypto Institutional Frameworks

Goldman Sachs has announced the integration of its $100 billion Treasury Fund with crypto institutional frameworks, marking a significant development in the digital asset ecosystem.

user avatarArif Mukhtar

UK Financial Conduct Authority Opens Crypto Authorisation Regime

The UK Financial Conduct Authority has formally opened its Crypto Authorisation Regime, marking a significant development in the digital asset ecosystem.

user avatarMaria Gutierrez

Amazon Stock Price Predictions for 2027

Major firms predict Amazon stock will reach $350 per share by 2027, driven by AWS growth and AI advancements.

user avatarDavid Robinson

Tether Partners with Shiga to Launch Financial Products in Africa and Gulf

Tether is transitioning its Wallet Development Kit into financial products for users and institutions in Africa and the Gulf, collaborating with Shiga.

user avatarJacob Williams

Soneium and DayOneDream Join Forces to Tokenize Kpop Revenue Streams

Soneium partners with DayOneDream to tokenize Kpop revenue streams using blockchain technology.

user avatarAndrew Smith

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.