[Latest News]
ChainCatcher news, Binance will end Usual (USUAL) pre-market trading yesterday and open USUAL/BTC, USUAL/USDT, USUAL/FDUSD, USUAL/TRY spot trading pairs today. The specific schedule is as follows:
USUAL deposit opening time: December 17, 2024, 18:00 (UTC+8)
USUAL withdrawal opening time: December 19, 2024, 19:00 (UTC+8)
Project Introduction
Usual is a stablecoin protocol that launched 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 actual earnings generated by RWA.
Tags: DeFi, RWA, Stablecoin Protocol
Ecosystem: Ethereum, Solana
Established: 2022
Financing Situation
According to ROOTDATA, Usual completed two rounds of financing this year, totaling $8.5 million, specifically including:
1. On April 17, 2024: Usual completed a $7 million financing round, led by IOSG and Kraken Ventures, with participation from GSR, Mantle, Starkware, Flowdesk, Avid 3, Bing Ventures, Breed, Hypersphere, Kima Ventures, Psalion, Public Works, and X Ventures;
2. On November 6, 2024: Usual completed a $1.5 million financing round. This round was participated by Comfy Capital, early crypto project investor echo, Breed VC founder Jed Breed, among others; specific valuation data has not been disclosed.
Token Allocation
Usual's allocation is community-centered:
73% of the tokens are allocated for the public and liquidity provision
13.5% allocated to MM / team and investors
13.5% for DAO / buyback / voting
Usual deposits its earnings into the protocol's treasury, which is controlled by the USUAL holder community. Therefore, USUAL holders own 100% of the platform, which represents a significant deviation from the systems used by many other stablecoin issuers, where corporate entities earn all or most of the profits.
Conclusion
In summary, the USUAL protocol demonstrates potential in the field of the combination of real-world assets and blockchain through its efficient collateral yield model, innovative token economic design, and decentralized governance mechanism. With strong technical support and quality resource endorsement, USUAL is actively promoting further expansion of its ecosystem, providing users with safer and more transparent asset management solutions and opportunities for governance participation.
