Binance Labs has made a significant $10M investment in Usual, a decentralized stablecoin protocol, marking an important step for the project.
A Bold Step into Stablecoins
Usual has quickly emerged as one of the most innovative players in the stablecoin market. It has already secured over $1.4 billion in total value locked (TVL) and ranks among the top five stablecoins globally. Unlike many stablecoins relying on fiat reserves held by traditional financial institutions, Usual's model integrates Real-World Assets (RWAs) such as US Treasury Bills into the ecosystem.
The Growing Appeal of Tokenized Real-World Assets
Usual's success can largely be attributed to its focus on tokenizing real-world assets. By aggregating assets from reputable institutions such as BlackRock and Ondo, Usual enhances the liquidity of traditionally illiquid assets. Despite the growing prominence of RWAs, their integration into DeFi has remained a challenge.
A New Era for Governance in Stablecoins
Unlike traditional stablecoins, Usual introduces a fully decentralized governance model, enabling users to participate in decision-making. In the Usual ecosystem, $USUAL token holders not only influence governance decisions but also benefit from the redistribution of profits generated within the protocol. This approach reportedly eliminates the risks associated with commercial bank reserves.
Binance Labs' investment in Usual marks a significant step towards advancing decentralized finance, enhancing innovations, and introducing a new understanding of stablecoin governance.
