#BinanceLabs投资Usual
Binance and Kraken lead $10 million financing, Usual stablecoin project will usher in significant developments!
Decentralized stablecoin issuer Usual announced the completion of a $10 million Series A financing round, led by Binance Labs and Kraken Ventures, with participation from well-known venture capital platforms such as Galaxy Digital, OKX Ventures, Wintermute, and Amber Group.
Usual is committed to issuing stablecoins backed by fiat currency, allocating value and ownership to users through its USUAL token. This financing will help Usual promote the integration of decentralized finance (DeFi) and real-world assets (RWA), further expanding its market influence. Usual announced this milestone on December 23 via X (formerly Twitter).
Binance and Kraken provide strong support
The investment from Binance Labs and Kraken Ventures will drive Usual's innovation in the DeFi space and promote the expansion of the stablecoin market. Alex Odagiu, Investment Director at Binance Labs, stated, "We look for projects that can drive meaningful innovation; Usual's mission is to unlock the potential of stablecoins, and we are excited to be a part of it."
In addition, Usual has also formed strategic partnerships with Ethena Labs and Securitize (the tokenization platform of the BlackRock BUIDL fund) to provide users with benefits of liquidity, yield, and composability, further expanding the decentralized finance market.
Usual is expected to lead stablecoin innovation
Pierre Person, CEO of Usual Labs, stated that in the coming months, Usual will continue to collaborate with Binance Labs to ensure that the stablecoin market remains at the forefront of innovation and to promote a more community-driven stablecoin ecosystem. Notably, Binance began supporting the USUAL stablecoin as early as November, providing strong market endorsement for the project's success.
This financing and partnership signify the continued expansion of the decentralized finance and real-world asset stablecoin markets, and Usual will undoubtedly become an important player in the future market.
