Usual is trailblazing decentralized stablecoin platform, has secured a substantial $10 million in Series A funding. Led by industry giants Binance Labs and Kraken Ventures, this investment marks a significant milestone for Usual as it seeks to revolutionize the stablecoin landscape.
A Community-Driven Approach
Usual's unique value proposition lies in its community-driven model. A remarkable 90% of its native token, USUAL, is distributed to users, fostering a sense of decentralized ownership and encouraging active participation in the platform's growth. This innovative approach has garnered significant attention, positioning Usual as a frontrunner in the evolving stablecoin ecosystem.
Building on Success
With over $1.4 billion in total value locked, Usual has solidified its position among the top five stablecoins. This latest funding round will serve as a catalyst for further development, enabling Usual to enhance its platform, expand its reach, and solidify its position as a leading force in the decentralized finance (DeFi) space.
A Vision for the Future
The infusion of capital from Binance Labs and Kraken Ventures, along with other notable investors like Ondo, Coinbase Ventures, and OKX Ventures, underscores the immense potential of Usual's decentralized stablecoin platform. As the cryptocurrency market continues to evolve, Usual is poised to play a pivotal role in shaping the future of stablecoins, offering a secure, transparent, and community-centric alternative to traditional financial systems.