When people hear about Usual, their first thought often goes to stablecoins, especially recalling the issues with algorithmic stablecoins during the last bull market. However, Usual's stablecoins are fundamentally different. They are backed 1:1 by real-world assets (RWAs), making them fully compliant and distinct from the problematic algorithmic stablecoins we've seen before.
In essence, Usual is a multi-chain infrastructure that integrates tokenized real-world assets from major players like BlackRock, Ondo, and Mountain Protocol, transforming them into permissionless, on-chain stablecoins like USD0 that are fully auditable and freely composable.
In April of this year, Usual raised $7 million, and just seven months later, they secured another $1.5 million in funding. While these amounts might seem modest compared to projects that raise tens or even hundreds of millions, Usual's connection to Binance is significant.
Founded by Pierre Person, a former French parliament member and political adviser to President Macron, Usual aims to create a decentralized stable feedback system, giving individuals more ownership of their data.
Currently, the Usual's platform has a total TVL of over $370 million. Their USD0 stablecoin is backed 1:1 by real-world assets, making it both stable and secure. Users can easily deposit RWAs or USDC/USDT and exchange them for USD0 at a 1:1 ratio.
The $USUAL token has a total supply of 4 billion, with only 12.37% currently in circulation, and 7.5% allocated to Binance Launchpool. The project intends to distribute 90% of the token supply to the community, ensuring a fair distribution model. Additionally, Usual follows a deflationary model, similar to Bitcoin's halving mechanism, rewarding early participants with more tokens.
If you missed the chance to get involved in Usual this time, don’t worry. Be sure to stay alert and do your research before the next opportunity.
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