Binance Labs has announced its investment in Usual, a decentralized stablecoin issuer backed by real-world assets (RWAs), to drive innovation and redefine the stablecoin landscape. Through its $USUAL token, Usual empowers its community by redistributing value and ownership, fostering a decentralized and equitable financial model.
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Key Highlights:
Revolutionary Stablecoin Model:
Usual introduces a stablecoin collateralized by RWAs, blending the security of real assets with the liquidity and composability of DeFi.
This model mitigates banking risks and creates opportunities for shared rewards, governance, and value redistribution.
Community-First Approach:
Traditional stablecoin issuers often centralize liquidity; Usual disrupts this model by allocating 90% of $USUAL tokens to users, ensuring value circulates within its ecosystem.
$USUAL, the governance token, ties its intrinsic value to the protocolโs revenue model, providing sustainable benefits to its holders.
Support from Binance Labs:
Binance Labs, known for supporting transformative blockchain projects, co-led Usualโs Series A funding round.
This partnership will accelerate Usual's mission to push the boundaries of stablecoins, emphasizing inclusivity and community empowerment.
Shared Vision for Stablecoin Evolution:
Alex Odagiu, Investment Director at Binance Labs, stated:
โStablecoins are pivotal in onboarding new crypto users, and Usualโs approach sets a benchmark for innovation. Weโre excited to back Usualโs mission to reshape stablecoins and expand the ecosystem.โ
Pierre Person, CEO at Usual Labs, remarked:
โBinance Labsโ commitment to transformative projects aligns perfectly with Usualโs vision. Together, weโll ensure the stablecoin market remains innovative and community-driven.โ
