$USUAL is part of a decentralized stablecoin project issued by Usual Labs, which is centered on supporting its stablecoin USD0 through real-world assets (RWA) and achieving governance and revenue distribution through the $USUAL token. Below is an introduction and price valuation of $USUAL:
### Project Overview:
- Stablecoin USD0: USD0 is Usual's stablecoin, backed by short-term debt instruments like U.S. Treasury securities, aimed at providing a stablecoin solution that is safe and unaffected by bankruptcy, independent of traditional banking systems.
- $USUAL token: As a governance token, $USUAL allows holders to participate in the decision-making process of the protocol. Its uniqueness lies in being a revenue-based token, issued only when the protocol generates income, and its inflation rate decreases as the total locked value (TVL) increases, meaning the token becomes increasingly scarce.
- Locking and earning: Users can lock USD0 to become USD0++, thereby earning interest and $USUAL token rewards. This structure aims to provide returns higher than risk-free rates.
- Team background: Usual Labs was founded by former French Member of Parliament Pierre PERSON, who has actively participated in promoting blockchain and cryptocurrency-related legislation.
### Price valuation:
- Market data: As of recently, the price of $USUAL is approximately $0.224, with a 24-hour trading volume of $10,343,511.42.
- Investment and financing: The project raised $7 million in seed funding in April 2024, led by IOSG Ventures and Kraken Ventures.
- Valuation considerations:
- Liquidity and usage: Although $USUAL has just started trading on exchanges, its liquidity and market acceptance will directly affect its price.
- Market sentiment: The overall sentiment in the stablecoin market, demand for RWA-backed stablecoins, and the acceptance of decentralized governance.
- Growth prospects: If Usual can successfully attract more users to lock assets, the growth of TVL will make $USUAL more scarce, potentially driving up its price.
- Competitive environment: $USUAL faces competition from traditional stablecoins like USDT and USDC, but its unique governance and revenue model may provide it with a competitive advantage.
- Valuation assessment: As $USUAL is a relatively new project, an accurate valuation needs to consider its future growth potential, market acceptance, and the sustainability of protocol revenue. At the current stage, its valuation appears relatively small based on its market capitalization and circulating value, but its growth potential may attract investors and speculators. If the market recognizes its model, the price may significantly rise in the future.
Please note that the price valuation of any cryptocurrency is highly volatile, and it is advisable to conduct thorough research and consider market risks before making any investment decisions.
