Binance Labs has made a significant investment in Usual, a decentralized stablecoin protocol, raising $10 million during its Series A funding round. This marks an important milestone for Usual as it captures attention with its innovative approach to stablecoins.
A Bold Step into Stablecoins
Usual has quickly emerged as one of the most innovative players in the stablecoin market, securing over $1.4 billion in total value locked (TVL) and ranking among the top five stablecoins globally. Unlike many stablecoins that rely on fiat reserves, Usual integrates real-world assets like US Treasury Bills into its ecosystem. This enables the tokenization of physical assets for entry into decentralized finance, creating a stablecoin known as USD0.
The Growing Appeal of Tokenized Real-World Assets
Usual's success is largely attributed to its focus on tokenizing real-world assets. By aggregating assets from institutions like BlackRock and Ondo, Usual enhances the liquidity of traditionally illiquid assets. Despite the increased attention to tokenized assets, their integration into DeFi remains challenging. Usual aims to change this by offering a model that enhances accessibility and value redistribution.
A New Era for Governance in Stablecoins
Usual introduces a decentralized governance model that allows users to participate in decision-making. Holders of $USUAL tokens influence key decisions and engage in profit redistribution, enhancing the protocol's security and transparency.
Usual continues to grow, with plans to expand its ecosystem and increase product adoption. A major upcoming event is the launch of the $USUAL governance token and the Usual Pills campaign, enabling user participation in the airdrop.
