Usual's positioning is a stablecoin issuance protocol, with the underlying logic revolving around RWA collateral assets. This creates an essential difference between it and traditional fiat-collateralized stablecoins.
Must be based on RWA collateral:
The issuance of USD0 relies on RWA assets as collateral to ensure its value is backed by real-world assets. Even indirect collateral through USDT or USDC will involve the intervention of third-party RWA service providers (such as asset custodians or on-chain RWA solutions).
Different from fiat-collateralized stablecoins:
Fiat-collateralized (USDT/USDC): Its value is supported by reserves of fiat currency (such as US dollars), rather than being directly based on tokenized real-world assets.
RWA type (USD0): Its value is more directly tied to real-world assets (such as real estate, debts, gold, etc.), and the tokenization process of assets provides transparency and liquidity for on-chain operations.
Key points:
Tied to real-world assets: The issued USD0 stablecoin is not solely backed by US dollar reserves like USDT or USDC, but requires RWA collateral to ensure the currency's value is associated with real assets.
Requires third-party services: Even when using USDT or USDC as collateral to mint USD0, it still relies on specialized institutions managing real-world assets for support.
Objective: Through the participation of RWA, to make stablecoins more 'meaningful' in reality, rather than just virtual assets on the chain, and to connect traditional financial markets with the DeFi world in the future.
Mining participation time and pre-trade time
Users can participate on the Launchpool website starting from November 15, 2024, at 08:00 (UTC+8), by investing BNB and FDUSD into the USUAL reward pool to earn USUAL. The USUAL activity lasts for a total of 4 days.
Pre-trade will launch at 18:00 (UTC+8) on November 19, 2024.
In summary
USUAL is an innovative path that combines real-world assets with blockchain technology, aiming to ensure that stablecoins have both on-chain transparency and real asset support, exploring a new direction for the stablecoin market.