The Binance crypto exchange has announced the launch of a new stablecoin, USUAL, set to debut on the platform on November 19.
New Project on Binance Launchpool
Binance announced the 61st project on the Binance Launchpool platform — stablecoin USUAL. The USUAL webpage is expected to be available 12 hours before the pre-market launch, commencing on November 19 at 10:00 UTC.
USUAL Stablecoin Parameters
USUAL is a decentralized stablecoin issued by Usual Labs, backed by Kraken, Mantle, Starkware, and GSR. The token will be launched on the Ethereum network. The total token supply will be 4 billion, with 7.5% allocated for user rewards. At the time of listing, the circulating supply will be 12.37% of the total, amounting to 494,600,000 USUAL tokens.
Community Empowerment
According to Usual’s X post, the stablecoin uses a revenue-based model that prioritizes community members. Additionally, a recent community funding round raised $1.5 million from investors, including The Echonomist, Breed Syndicate, and Comfy Capital.
The launch of the USUAL stablecoin on the Binance platform creates new opportunities for investors and crypto market participants by offering unique partnerships and community support.
