$USUAL
Usual is a decentralized stablecoin issuer that uses real-world assets (RWA) to back its stablecoin, the USUAL token, which distributes value and ownership. Recently, the project successfully raised $10 million in a Series A funding round, led by Binance Labs and Kraken Ventures. Other notable venture capital platforms also participated, including Galaxy Digital, OKX Ventures, Wintermute, and Amber Group.
The funds from this round will help Usual redefine stablecoins, aiming to push the boundaries of decentralized finance (DeFi) and RWA adoption. The project’s community-first approach and shared rewards model are central to its vision. In addition, Usual formed a strategic partnership on December 18 with Ethena Labs and Securitize, which is the tokenization platform for BlackRock's BUIDL fund. This collaboration is expected to bring liquidity, yield, and composability to users, enhancing DeFi opportunities.
Binance Labs expressed its enthusiasm for the project, seeing Usual as a key player in reshaping the DeFi ecosystem. Alex Odagiu, Investment Director at Binance Labs, highlighted that they seek out projects that drive meaningful innovation. Binance itself has supported the USUAL token since November 2024 and is expected to continue collaborating with Usual Labs to further its growth.
The Series A round and the partnership with Binance Labs reflect Usual's ambition to become a major player in the DeFi space, with a focus on expanding RWA-backed stablecoins. The backing of major investors signals confidence in Usual's potential to innovate and transform the stablecoin and DeFi landscapes.