Usual, a stablecoin issuer backed by real-world assets, has raised $10 million in a Series A funding round led by Binance Labs and Kraken Ventures.
Funding from Binance and Kraken
Usual announced the raising of $10 million in a Series A funding round led by the venture arms of Binance and Kraken. Other major VC platforms such as Galaxy Digital, OKX Ventures, Wintermute, and Amber Group also participated in this round.
Strategic Partnership
On December 18, Usual revealed a strategic alliance with Ethena Labs and tokenization platform Securitize, serving for BlackRock's BUIDL fund. This partnership targets the expanding decentralized finance market by bringing users the benefits of combined liquidity, yield, and composability.
Future Collaboration
In the future, Usual plans to expand its collaboration with Binance Labs to ensure that the stablecoin market remains at the forefront of innovation and becomes even more community-centric.
Usual has successfully raised significant investment from major players, strengthening its position in the decentralized finance market and establishing strong partnerships for future growth and innovation.
