ChainCatcher message, RWA stablecoin protocol Usual completes $10 million Series A funding, led by Binance Labs and Kraken Ventures. Participating investors include Galaxy, OKX Ventures, Wintermute, IOSG Ventures, echo, Symbolic Capital, M^0, LeadBlock Partners, GSR, among others.
According to RootData, Usual is a stablecoin protocol that has launched 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 earnings generated from RWA.
