Binance Labs invested in USUAL Coin.
The altcoin has seen an almost 7x increase in the last 27 days.
BTC was making a new low at $93,483 at the time of writing.
Binance’s investment arm has announced a new investment opportunity in the cryptocurrency world. At the same time, the BTC price was making a deeper bottom, falling to $93,700. Such a drop was expected after Saylor’s purchase, but in many similar cases, such declines have usually been reversed in a short time, so it should not be a big concern. So, which cryptocurrency did Binance invest in?
The Rise of the USUAL Coin
Having gained nearly 7 times in value in the last 27 days, USUAL Coin is approaching $1.2 today with the support of Binance. This increase, despite the general negative atmosphere in the market, is related to the investment announcement made by Binance Labs. USUAL has gained popularity in recent years as a project that issues stablecoins collateralized by real assets.
USUAL is implementing a new strategy powered by RWA (real-world assets) that combines the security of real assets with the interoperability and liquidity of DeFi. Alex, Binance Investment Director, explained:
“Stablecoins have long been an important tool for onboarding new users into the crypto ecosystem. Usual’s community-driven approach sets a new benchmark for inclusivity and empowerment. At Binance Labs, we aim to support projects that drive meaningful innovation and expand the ecosystem, and we are excited about Usual’s innovations in this space.”
