Here I will research USUAL for everyone.
Investment institutions in USUAL include dozens of firms such as Binance and OKEx.
Usual has a double bottom formation in 4 hours; short-term positioning can be done. The founder is the vice chairman of the French presidential party, with an impressive background!
What is Usual?
Usual is a safe and decentralized fiat stablecoin issuer, aggregating a growing number of RWA tokens (primarily tokenized U.S. Treasury bonds) from Hashnote, BlackRock, Ondo, Mountain Protocol, M^0, etc., converting them into permissionless, on-chain verifiable, composable stablecoin USD0. It redistributes ownership and governance through the governance token USUAL.
In one sentence, Usual aims to be the on-chain Tether for issuing tokens.
Usual addresses two key issues of USDT/USDC: user ownership and the risk of bank bankruptcy.
1. User ownership. USDT and USDC are the top two stablecoins by market capitalization, with USDT exceeding $140 billion and USDC exceeding $42 billion. According to public data from Tether, the issuer of USDT, Tether’s profit for the entire year of 2024 could reach $10 billion. Circle’s annual profit could reach $3 billion. However, all the profits generated from the assets provided by these crypto users are taken by Tether and Circle, leaving users with no rights. Usual will not privatize the profits generated from USDT and USDC like Tether and Circle but will redistribute power and profits back to the community (Of The People, By The People, For The People). 100% of Usual's revenue flows into the treasury, with 90% distributed to the community through governance tokens.
2. Risk of bank bankruptcy. A large portion of USDT and USDC is backed by commercial banks, which brings risks of safety and stability due to fractional reserves. Usual introduces a new method of stablecoin issuance, with its stablecoin's underlying assets 100% backed by short-term U.S. Treasury bonds, not linked to the traditional banking system, thus avoiding the risk of bank bankruptcies.
Analysis of Usual's working mechanism.
Usual mainly consists of five core tokens: stablecoin USD0, LST token USD0++, governance token USUAL, staked governance token USUALx, and founder token USUAL*.
USD0: USD0 is Usual's stablecoin. Users can exchange USD0 at a 1:1 ratio using USDC or USYC.
USD0++: USD0++ is the LST token generated by staking USD0. Holding USD0++ can earn USUAL token incentives.
USUAL: USUAL is the governance token of Usual.
USUALx: Staking USUAL can earn USUALx, and users holding USUALx can activate governance rights and receive USUAL rewards. USUALx can vote on the Usual protocol, such as the sources of collateral supported in the future.
The above research analysis is for reference only and should not be considered as investment advice!
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