This article is not written by me; it was sent to me by a friend. I'm sharing it with everyone. At that time, Usual launched, and I was busy with training, so I didn't do much research on this project. Indeed, I missed out. Today, I reviewed it myself, and overall it should be good. Let's wait until the pre-market trading ends to see the situation before entering.
Usual has launched pre-market trading on Binance. What is the upcoming $USUAL, which is about to debut on Binance's spot market? $USUAL: Decentralized Stablecoin RWA + Payment Concept. Binance Pre-Market Trading: Ends on December 17 at 17:00, and then trading will occur on the spot market. There are restrictions on buying and selling for each account in pre-market trading, with a maximum purchase limit of only 40,000 coins per account. After pre-market trading ends, there will be no trading restrictions on Binance's spot market, and the trading volume will significantly increase; According to current Binance data, the circulating market value is $256 million, and FDV is $3 billion; 1. Business Model Launching Stablecoin $USD0: Liquid Deposit Token (LDT) $USD0 is the world's first RWA stablecoin that aggregates various U.S. Treasury bond tokens. In simple terms, it puts existing RWA assets in the market on-chain, such as Hashnote, Ondo, and Blackrock, connecting tokenized real-world assets (RWA) into a single asset $USD0; The underlying asset is U.S. short-term treasury bonds. Why short-term treasury bonds? Because they have good liquidity, low risk, and no pressure to deal with; The more developed the RWA from Hashnote, Ondo, and Blackrock, the higher the TVL of $USUAL; 2. TVL Data The current TVL of $USUAL is $858.41 million; Protocol revenues (4Y) are $138.37 million; $ONDO's TVL is $173.52 million. The U.S. short-term treasury bond market is a massive market, with the total size of the U.S. treasury market being about $26 trillion, of which short-term treasury bonds also account for a significant proportion; According to estimates by the Boston Consulting Group, the size of the tokenized asset market may exceed $16 trillion by 2030, which indirectly reflects the enormous size and potential of the short-term treasury bond market; Data from June 2022 shows that BlackRock holds $314.3 billion in U.S. treasury bonds, making BlackRock the third-largest holder of U.S. treasury bonds, behind Vanguard Group and Fidelity. Imagine the scale of U.S. short-term treasury bond RWA, and the staking scale? RWA assets can connect to various funding sectors such as old money, institutional funds, bank funds, government funds, ETF funds, etc. It is hard to imagine how large the future market space will be; 3. Team Background Pierre PERSON is the founder and CEO of Usual. He is a former French politician and member of the National Assembly (French parliament). He recently served as the deputy chairman of the French presidential party, leading the country's crypto asset legislation. Hugo Sallé de Chou is the co-founder and COO of Usual, graduating from France's EDHEC Business School. Andrew Lafortezza is the head of sales at Usual; he previously served as the head of partnerships at Perpetual Protocol. He graduated from the University of Richmond. Allan Floury is the VP of products at Usual; he graduated from Columbia University in the United States.
Usual Labs completed a $7 million funding round in April 2024, led by IOSG Ventures and Kraken Ventures. 5, looking forward to the mainnet launch, data being publicly available, the arrival of the booming RWA + Defi market, witnessing history!
