According to TechFlow, the stablecoin protocol Usual announced the launch of its public mainnet and the Pills event. The pre-launch phase started at 0:00 (UTC) on July 10 and lasted for four months. During the event, users can obtain $USUAL airdrop allocations through referral programs and TVL contributions. $Usual is a fully decentralized Tether with an on-chain RWA aggregator. Users can obtain USD0, a transparent, secure, and permissionless stablecoin, and bind it to USD0++ liquidity bonds to obtain higher returns through ownership and governance redistribution.
The Usual platform aggregates tokenized real assets (RWA) from entities such as BlackRock, Ondo, and Mountain Protocol, and converts them into permissionless, on-chain verifiable and composable stablecoins. It has previously raised $7 million and received support from 170 investors including Kraken Ventures, IOSG, and Amber.