As 2024 concludes, Usual ($USUAL ) is emerging as a standout project in the crypto space, attracting substantial backing from prominent venture capital firms. Following its successful debut on Binance Launchpool, the decentralized stablecoin initiative has secured further investments from industry heavyweights, reflecting growing confidence in the Real-World Asset (RWA) sector.
Leading Investors Rally Behind Usual
Usual ($USUAL ) is a groundbreaking decentralized stablecoin ecosystem anchored by Real-World Assets (RWA). Its primary stablecoin, USD0, is underpinned by US Treasury Bills (T-Bills), offering yield generation and returns distribution to holders of USUAL and USD0 tokens.
The project recently raised $10 million in a Series A funding round led by Binance Labs and Kraken Ventures. The round also included participation from Coinbase Ventures, Wintermute, Ondo, and other prominent investors. Alex Odagiu, Investment Director at Binance Labs, highlighted their commitment to supporting innovative projects, stating, “Usual is redefining the stablecoin landscape, and we are thrilled to back its mission of pushing the boundaries of decentralized finance.”
OKX Ventures also confirmed its investment in Usual, with Founder Dora noting, “By seamlessly merging RWA with DeFi, Usual is reshaping stablecoin yields and fostering a community-driven economy. We believe Usual has the potential to become the foundation of global decentralized finance.”
Market Impact and Growth Trajectory
The announcement fueled a 26% price surge for USUAL, with the token now trading at approximately $1.30. According to CoinMarketCap, the project’s market cap has surpassed $600 million, with a fully diluted valuation (FDV) exceeding $5 billion. Currently, 12% of the total supply (494 million USUAL) is in circulation, with daily unlocks of 3.2 million USUAL set to continue until 2028.
USD0’s Rapid Expansion
Usual’s flagship stablecoin, USD0, has seen explosive growth, with its market cap soaring from $20 million mid-year to over $1.4 billion—a 237% increase in just 30 days. This remarkable performance positions USD0 as the fastest-growing stablecoin of the year, outpacing competitors such as Ethena Labs’ USDtb and Ripple’s RLUSD.
As the stablecoin market becomes increasingly competitive, Usual’s innovative approach and robust backing from top-tier investors highlight its potential to lead the next wave of growth in decentralized finance.
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