Binance Labs has made a significant investment in Usual, a decentralized stablecoin protocol. During its Series A funding round, Usual secured $10 million, with additional support from Kraken Ventures and other key players.
A Bold Step into Stablecoins
Usual has quickly emerged as one of the most innovative players in the stablecoin market. To date, it has secured over $1.4 billion in total value locked, making it one of the top five stablecoins globally. Usual's model, which integrates real-world assets like US Treasury Bills, stands out from many stablecoins relying on fiat reserves. This allows the tokenization of physical assets and their introduction into decentralized finance, creating the stablecoin known as USD0.
The Growing Appeal of Tokenized Assets
Usual's success can largely be attributed to its focus on tokenizing real-world assets. By aggregating assets from credible institutions such as BlackRock and Mountain Protocol, Usual enhances the liquidity of traditionally illiquid assets. Despite the challenges with RWA integration into DeFi, Usual is working towards a solution that bridges traditional finance and DeFi, redistributing value among users.
A New Era for Stablecoin Governance
Usual introduces a decentralized governance model, in contrast to traditional stablecoins with centralized control. $USUAL token holders participate in decision-making, such as liquidity strategies and risk policies, and benefit from income sharing, offering a more transparent and secure approach.
Usual continues to grow its ecosystem and plans to launch the $USUAL governance token. With increasing user engagement and product adoption, Usual aims to strengthen its position in the decentralized finance world.
