According to ChainCatcher news, RootData released the RWA stablecoin protocol Usual briefing, stating that Usual's total financing amount reached $18.5 million. Despite the overall downturn in the crypto market, $USUAL saw a 52.82% increase in the past week.
Usual is a fiat-backed stablecoin protocol, planning to launch USD0, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWAs); while also launching USUAL, a governance token that allows the community to guide the future development of the network.
Usual Highlights include:
1. Enhanced security and stability
2. Flexible liquidity and yield generation
3. Deflationary model and long-term incentives
Additionally, Usual announced last night the completion of a $10 million Series A funding round, led by Binance Labs and Kraken Ventures.
