From the launch of the Launchpool on November 15 to the end of pre-market trading on December 17, the Usual stablecoin was featured on Binance's homepage for over a month, attracting widespread attention. Since the opening, the price of Usual has risen by as much as four times, especially considering the general market decline in December, Usual surprisingly increased by 35%. What makes it so unique that the crypto community is going crazy over it?
Usual's impressive performance is attributed to its strong founding team and experienced investment background. Founder Pierre Person was an advisor to the French president and made significant contributions to promoting cryptocurrency regulation in France. Alongside him in founding Usual is Hugo Sallé de Chou, who created a payment startup similar to Venmo called Pumpkin in 2014, which once had 2 million active users. Additionally, there are experienced figures in the crypto industry like Adli Takkal Bataille and Pierre Cumenal, showcasing their formidable background.
On the investment institution side, Usual's supporters include well-known investment firms like Dewhales, IOSG, Kraken Ventures, as well as endorsements from several angel investors such as Frax, Curve, and Defi Dad. The involvement of these big players not only brings capital support to Usual but also enhances its market credibility.
As a stablecoin project, Usual's operating model is very simple. Users can deposit cryptocurrencies such as USDC, USDT, ETH, etc., into the platform, and the Usual team will convert them into low-risk assets like U.S. short-term treasury bills and repurchase agreements for appreciation. Compared to traditional banks, Usual's feature lies in the stablecoin USD0 it offers, which users can use for other DeFi projects, such as staking USD0 to earn USD0++, without relying on traditional financial systems.
Usual's governance token USUAL has already been launched, with 12.37% of the tokens unlocked so far. The remaining tokens will be gradually released based on the locked amount of USD0++. This token release mechanism ensures that its issuance rate does not exceed the economic expansion rate of the protocol, helping to maintain the long-term healthy development of the project.
For investors, Usual's fundamentals currently appear very solid. The locked assets have exceeded $1.14 billion, and the annual revenue has reached $46 million. Although the market may face volatility, in the context of the growing demand for stablecoins in the crypto market, Usual's future remains promising.
Of course, it is worth noting that there is a 10% loss when redeeming staked USUAL tokens, and this portion of the fee will be distributed to long-term stakers.
For those investors willing to hold long-term, Usual's stability and potential returns are worth noting. There may be some market fluctuations in the short term, but if you have confidence in the role of stablecoins in future markets, Usual is undoubtedly a project to watch.
Recently, I plan to ambush a potential coin that is ready to explode, doubling it is quite simple, and I am also looking for some potential coins to hold until the end of the year, expecting a growth space of more than 10 times is not a problem. If you want to follow me, leave a message, follow, and like. Gold. Skirt $BTC
