Binance and Kraken invest $10 million in French decentralized stablecoin project, Usual#usual 🔥🔥

Binance and Kraken lead $10 million funding round in Usual, a French decentralized stablecoin startup with a transparent model and innovative returns.🔥

Binance and Kraken have led a $10 million funding round in Usual, a French startup offering the USD0 stablecoin, which has become the seventh most valuable in less than a year.

USD0 is backed by real assets and redistributes returns via the USUAL token, adopting a decentralized and transparent model.

With over $1 billion in capital and attractive returns, Usual aims to position itself as a reliable alternative to Tether and Circle.

Binance and Kraken, two heavyweights in the crypto industry, have led a $10 million fundraising round for Usual, a rapidly expanding stablecoin startup. Launched in early 2024, Usual offers a unique model with its USD0 stablecoin, which quickly became the seventh-largest stablecoin by market cap. Alongside Binance and Kraken, well-known players like Ethena, Ondo, and Echo, the project of popular crypto investor Cobie, also backed the fundraising. M^0, a company specializing in onchain stablecoin infrastructure, joined the venture to boost the project’s reserve assets.$USUAL