Usual, the innovative decentralized stablecoin protocol, announced a $10M Series A funding round led by Binance Labs and Kraken Ventures, with participation from Galaxy Ventures and Coinbase Ventures.
Usual's New Funding and Achievements
This investment marks a new phase for Usual following significant achievements: over $1.4B in Total Value Locked and ranking among the top 5 stablecoins. Usual is the first fiat-backed stablecoin to show sustained hypergrowth.
Era of Growth and Collaboration
Usual stands out with innovative approaches combining the security of real-world assets with DeFi liquidity. This summer, Usual became the fastest-growing stablecoin on Ethereum, fostering a new era of mature stablecoins through synergies with projects like Ethena and Securitize.
Token Launch and Community Involvement
Usual continues pushing boundaries by committing 90% of its token allocation to the community. Already on Binance's spot market, Usual aims to become one of the top 5 stablecoin projects. CITE_NA
Usual, with its unique value redistribution model, attracts attention in both DeFi and CeFi spheres, thanks to the support of strong partners. This opens new opportunities for users, bringing stablecoins into the realm of decentralized finance.
