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.
$USUAL
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$USUAL

Description:

This trading idea centers on USUAL, a cryptocurrency designed to provide enhanced scalability and utility across diverse blockchain applications. USUAL focuses on improving transaction speed and reducing costs, making it an appealing choice for decentralized applications (dApps) and cross-border payment solutions. With its growing adoption and integration in various ecosystems, USUAL has the potential to address key challenges in blockchain usability, positioning itself as a versatile and efficient solution for businesses and developers alike.

Despite its promising fundamentals, the cryptocurrency market remains highly volatile, and external factors such as regulatory developments, technological disruptions, and market sentiment can significantly influence USUAL's price dynamics. As with any investment, proper risk management and caution are necessary when trading in volatile markets.

Disclaimer:

This trading idea is intended for educational purposes only and should not be taken as financial advice. Investing in cryptocurrencies like USUAL carries substantial risk, including the potential for a complete loss of capital. Always conduct thorough research, assess your financial situation, and consult with a financial advisor before making any investment decisions. Past performance does not guarantee future results.
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