Latest News on Usual
Introduction to Usual
Usual is a stablecoin protocol that introduces USD, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWA). USUAL is a governance token that allows the community to guide the future development of the network. Usual addresses current issues in the stablecoin market by redistributing profits to the community and rewarding token holders with actual returns generated from RWA.
The Usual team is led by Pierre PERSON, the founder and CEO of Usual, who is a former French politician and member of the National Assembly (French Parliament). He recently served as the deputy chairman of the French presidential party, leading the country's legislative efforts on crypto assets. Hugo Sallé de Chou is the co-founder and COO of Usual, a graduate of the EDHEC Business School in France. Adli Takkal Bataille is the co-founder of Usual and serves as the president of the Le Cercle du Coin association. He graduated from the University of Bordeaux Montaigne.
Andrew Lafortezza is the head of sales at Usual, having previously served as the head of partnerships at Perpetual Protocol. He graduated from the University of Richmond. Allan Floury is the Vice President of Product at Usual, a graduate of Columbia University in the United States. According to the latest news, on December 23, 2024, the RWA stablecoin protocol Usual completed a $10 million Series A funding round, led by Binance Labs and Kraken Ventures, with participation from Galaxy, OKX Ventures, Wintermute, IOSG Ventures, echo, Symbolic Capital, M^0, LeadBlock Partners, GSR, and others.
In November 2024, Usual completed a $1.5 million funding round, with institutions including Jed Breed, Comfy Capital, and Breed Syndicate.
In April 2024, Usual completed a $7 million funding round with institutions including IOSG Ventures, Kraken Ventures, GSR, StarkWare, Flowdesk, Hypersphere Ventures, Bing Ventures, Mantle Network, Public Works, Kima Ventures, AVID3, Breed VC, Psalion VC, X Ventures, LBank Labs, Arthur Cheong, Mr. Block, Bryan Pellegrino, Liu Feng, Spencer Noon, Rand Hindi, Georgios Vlachos, Polynya, Pan Zhixiong, Lito Coen, DeFi Dad, Ivangbi, DCF GOD, Clarisse Hagège, Jacek Czarnecki, Jordi Alexander, C2tP, Winthorpe, SalsaTekila, Alexis Masseron, Ramzi Laieb, Sebastien Couture, Florian Le Goff, Clement Lesaege, Nicolas Bacca, Jason Ma, Christopher Grilhault des Fontaines, Th0rgal, and Leo Simon.
Features and Advantages of Usual
1. Decentralization and Transparency
One of the core features of USUAL is decentralization. Unlike traditional centralized stablecoins (such as USDT and USDC), the issuance and governance of USUAL are entirely controlled by smart contracts and the community, free from the control of a single entity or institution. This decentralized design makes the issuance and operation of USUAL more transparent, allowing users to clearly understand the issuance and collateralization of the stablecoin.
2. Connection to Real-World Assets
USUAL aggregates tokenized real-world assets (RWA) from entities such as BlackRock, Ondo, and Mountain Protocol, converting them into permissionless, on-chain verifiable, and composable stablecoin USD0. This connection to real-world assets stabilizes the value of USD0 while providing users with a new means of asset preservation and appreciation.
3. Yield and Growth Potential
Another significant feature of USUAL is its yield and growth potential. Users can earn speculative returns linked to the success of the protocol by depositing yield-generating assets (such as USYC) into the Usual protocol. This yield aims to exceed the risk-free return of the underlying assets, providing users with additional sources of income. Meanwhile, as the Usual protocol continues to develop, users can also share in the value appreciation brought about by the protocol's growth.
4. Promoting the Development of Decentralized Finance (DeFi)
As a decentralized stablecoin, USUAL provides essential liquidity for DeFi applications. Users can use USD0 as a payment method, trading pair, and collateral token to perform various financial operations within the DeFi ecosystem. This liquidity support helps drive innovation and development in DeFi applications, offering investors more investment opportunities and sources of income.
Usual Token Economics
Token Name: Usual (USUAL)
Total Token Supply: 4,000,000,000 USUAL
Initial Circulation: 494,600,000 USUAL (12.37% of total token supply)
Total Launchpool: 300,000,000 USUAL (7.5% of maximum token supply)
Smart Contract Details: Ethereum Network (0x430a2712cEFaaC8cb66E9cb29fF267CFcfA38a42)
Future Outlook for Usual
With the continuous development of decentralized finance (DeFi) and the cryptocurrency market, stablecoins, as an important type of digital currency, will continue to play a vital role. As a decentralized stablecoin linked to real-world assets, USUAL is expected to secure a place in the future market.
In the future, as the Usual protocol continues to improve and the ecosystem develops, USUAL is expected to bring more profits and growth opportunities for users. At the same time, it will continue to promote the integration of cryptocurrency with traditional finance, providing investors with more investment options and sources of income!