As 2024 draws to a close, USUAL is generating significant interest from leading venture capital firms. Following its listing on Binance Launchpool, the project has secured additional funding from some of the top VCs in the industry.
This investment activity reflects strong investor confidence in Yougwal and the broader real assets (RWA) sector.
Top-tier venture capital backs Yougwal
USUAL is a decentralized stablecoin project backed by real assets (RWA). Its main stablecoin, USD0, is backed by US Treasury bills (T-Bills), which generate yield from the T-Bills and distribute the yield to investors via USUAL and USD0.
The project recently announced the completion of a $10 million Series A funding round led by Binance Labs and Crane Ventures. Other notable participants in the round included Coinbase Ventures, Wintermute, Ondo, and more.
“At Binance Labs, we seek out projects that drive true innovation and expand the ecosystem, and we are excited to support Yougwal’s mission to push the boundaries of what stablecoins can achieve,” said Alex Odagio, CIO of Binance Labs.
OKX Ventures confirmed its investment in Yougwal on the same day, though the exact amount was not disclosed.
“By organically integrating real assets with DeFi, Yujual has not only reshaped the yield structure of stablecoins, but also created an economy driven by community collaboration and mutual benefit,” said Dora, founder of OKX Ventures. “We are excited to support Yujual in becoming the ‘new infrastructure’ that drives value creation and long-term growth for global DeFi.”
Data shows that the price of USUAL has increased by 26% following the news, and is currently trading around $1.3.
USUAL’s total reported funding is $18.5 million. According to CoinMarketCap, USUAL’s market cap has surpassed $600 million.
Its fully diluted value (FDV) exceeds $5 billion. Only 12% of the total supply, or 494 million USUAL, is in circulation. The project will unlock at least 3.2 million USUAL per day until 2028.
USD0 Stablecoin Growth Leads Market
Data from RWA.xyz shows that the market cap of USD0, Usual’s main stablecoin, has grown from $20 million in mid-2024 to over $1.4 billion. Over the past 30 days, USD0’s market cap has increased by 237%, making it the fastest growing stablecoin of the month.
Additionally, during 2024, the stablecoin market is becoming more competitive, with several new entrants entering. For example, Ethena Labs launched USDtb, a stablecoin backed by BlackRock’s BUIDL, while Ripple has been drawing attention with the launch of RLUSD.
