#USUAL

Binance and Kraken led a $10 million Series A funding round for the issuer of fast-growing stablecoin USD0 from Usual.

Usual issues a decentralized stablecoin USD0, backed by RWA assets of BlackRock, Ondo and Hashnote funds. Its capitalization has already reached $1.5 billion. The main feature of the "stablecoin" is the redistribution of income and rights to participate in the protocol between users due to the native USUAL token.

The day before, Ethena entered into a partnership with Usual, adding USD0 and, accordingly, part of the liquidity of TradeFi funds to its own reserves of USDtb.