The stablecoin USD0 under Usual Labs has exceeded a market capitalization of $1.4 billion, growing by 243% in the past month.

DefiLlama data shows that the market capitalization of the stablecoin product USD0, launched by the real-world asset-backed stablecoin developer Usual Labs, has exceeded $1.4 billion, ranking sixth among stablecoins; it has grown by 66.12% in the past 7 days and 243% in the past month. Previously, in April, Usual Labs announced the completion of a $7 million funding round, led by IOSG and Kraken Ventures, with participation from GSR, Mantle, Starkware, Flowdesk, Avid3, Bing Ventures, Breed, Hypersphere, Kima Ventures, Psalion, Public Works, and X Ventures.