According to ChainCatcher, there is new development in the blockchain industry! RWA stablecoin protocol Usual has just completed a $10 million Series A financing, led by Binance Labs and Kraken Ventures. Other well-known institutions participating in the investment include Galaxy, OKX Ventures and other well-known institutions.

Usual launched a stablecoin called USD, which is backed by real-world assets 1:1, ensuring that it is permissionless and fully compliant. At the same time, USUAL, as a governance token, gives the community guidance on the future development of the network.

Usual seeks to solve some pain points in the current stablecoin market by redistributing profits and rewarding token holders. The launch of this new protocol may bring new vitality to the market. 🚀