DefiLlama data shows that the stablecoin product USD0, launched by the stablecoin developer Usual and backed by real-world assets, has a market capitalization of 1.55 billion dollars, ranking sixth among stablecoins; it has grown by 77.17% in the past 7 days and 256% in the past month.

Previously, Usual announced the completion of a 10 million dollar Series A financing, led by Binance Labs Fund and Kraken Ventures, with participation from Galaxy, OKX Ventures, Wintermute, IOSG Ventures, and others.