• 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 A1

6 hours 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

Share

Other news

Chainlink Boosts Memecoins' Reach Through Blockchain Networks

Chainlink integrates memecoins, enhancing accessibility on 12 blockchain networks.

user avatarA1

25 minutes ago

Current Crypto Market Situation and Prospects of Santa Claus Rally

Discover if the crypto market can end 2024 with a Santa Claus rally. Several coins show slight gains.

user avatarA1

26 minutes ago

ADA: Technical Analysis and Growth Prospects

ADA, the Cardano blockchain token, shows signs of a recovery after a three-week decline.

user avatarA1

26 minutes ago

MicroStrategy's New Bitcoin Purchase Draws Attention

MicroStrategy acquires 5,262 BTC, increasing its holdings to 444,262 BTC worth $27.7 billion.

user avatarA1

an hour ago

Metaplanet Invests in Bitcoin Amid Market Downturn

Japanese company Metaplanet acquires 620 BTC despite a 9.8% Bitcoin decline over the week.

user avatarA1

an hour ago

Dogecoin, Shiba Inu, and Pepe: Trends in Modern Memecoins

Dogecoin, Shiba Inu, and Pepe reshape the crypto market with community support and innovative solutions.

user avatarA1

an hour ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

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.