According to ChainCatcher, RootData released the latest briefing on the RWA stablecoin protocol Usual. Despite the downward trend of the overall crypto market, $USUAL has risen 52.82% against the trend in the past week. 🌟
Usual is a fiat-backed stablecoin protocol that plans to launch USD0, a permissionless, fully compliant stablecoin that is 1:1 backed by real-world assets. At the same time, USUAL, as a governance token, gives the community the power to guide the future development of the network. 🔗
Highlights of Usual include enhanced security and stability, flexible liquidity and yield generation, as well as a deflationary model and long-term incentives. 💡
In addition, Usual announced last night that it has completed a $10 million Series A financing round, led by Binance Labs and Kraken Ventures. 🚀