USUAL token price increased after Binance Labs announced its investment
On December 23, 2024, Binance Labs announced its investment in Usual Protocol, a stablecoin protocol operating on the Ethereum blockchain. This is part of a $10 million Series A funding round, led by Binance Labs and Kraken Ventures. This event led to the USUAL token price increasing by more than 10% in just a few minutes, reaching 1.16 USD and growing nearly 250% since listing on Binance Launchpool on November 19, 2024. Usual Protocol stands out with the issuance of stablecoin USD0, backed by real assets (RWA) from reputable financial institutions. Usual's model focuses on decentralizing ownership and governance through the USUAL token, creating a transparent, permissionless stablecoin that easily integrates into the DeFi ecosystem. Binance Labs appreciates Usual's community-first model, seeing it as a new standard for inclusion and empowerment in the stablecoin sector.
