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According to official news, Binance Labs announced its investment in the RWA stablecoin protocol Usual. Usual issues a new type of stablecoin backed by RWA collateral, combining the security of physical assets with the composability and liquidity of DeFi. Let's take a closer look at the specifics!
I. Project Overview
Usual is a stablecoin protocol that launched the USD, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWA). USUAL is a governance token that allows the community to guide the future development of the network. Usual addresses current stablecoin market issues by redistributing profits to the community and rewarding token holders with real returns generated from RWA.
Tags: DeFi, RWA, Stablecoin Protocol
Ecosystem: Ethereum, Solana
Establishment Year: 2022
II. Financing Situation
1. April 17, 2024: Usual Labs completes $7 million financing, led by IOSG Ventures, with participation from Kraken Ventures, GSR, Mantle, Starkware, Flowdesk, Avid3, Bing Ventures, Breed, Hypersphere, Kima Ventures, Psalion, Public Works, and X Ventures.
2. November 6, 2024: The stablecoin protocol Usual completes $1.5 million community financing with participation from The Echonomist, Breed Syndicate, and Comfy Capital.
3. December 23, 2024: Usual completes $10 million Series A financing, led by Binance Labs and Kraken Ventures, with participation from Galaxy, OKX Ventures, Wintermute, IOSG Ventures, echo, Symbolic Capital, M^0, LeadBlock Partners, GSR, and others.
III. Token Economics
Token Name: Usual (USUAL)
Total Token Supply: 4,000,000,000 USUAL
Initial circulating supply: 494,600,000 USUAL (12.37% of total token supply)
Total Launchpool: 300,000,000 USUAL (7.5% of maximum token supply)
Smart Contract Details:
Ethereum Network (0x430a2712cEFaaC8cb66E9cb29fF267CFcfA38a42)
IV. Token Details
Last night, Binance Labs just announced its investment in the RWA stablecoin protocol Usual, which immediately surged nearly 10%.
As of now, the current price of USUAL is $1.39, with a 33% increase in the past 24 hours. Its all-time high was $1.64, while its all-time low was $0.2055. Its total market capitalization has reached $661.01 million, with a 34% increase in the past 24 hours. The trading volume of USUAL in the past 24 hours is $869.78 million, a significant increase of 43.14% compared to the past.
V. Future Outlook
USUAL demonstrates its potential in the field of combining real assets with blockchain through an efficient collateral yield model, innovative token economic design, and decentralized governance mechanisms.
Now, USUAL is led by Binance Labs and Kraken Ventures, and the USUAL token is expected to bring users more profit and growth opportunities.
Disclaimer: All information in this article is for communication and sharing only and does not constitute any investment advice. Please comply with relevant laws and regulations in your area. Investments are at your own risk.
