Recently, Usual has gained significant popularity on Binance, with its price increasing in a wave-like pattern. After each rise to around 1.3-1.4, it inevitably drops, leading to several cycles that make people anxious to sell for profit around 1.4. Based on the innovation of this coin and the concept of benefiting users, I choose to continue holding and waiting for a rocket-like increase. I will also primarily take long positions in contracts, believing that there will definitely be a surge in a month or two. Spot trading is king.
Centralized stablecoin issuers, such as Tether and Circle, dominate about 90% of the stablecoin market and have become heavyweights in the cryptocurrency space, with valuations and profits far exceeding traditional financial giants like JP Morgan and BlackRock. Their business model is simple: leverage the liquidity behind stablecoins to support various risk assets.
As interest rates rise, these entities have transformed into profitable "cash cows." Tether and Circle generated over $10 billion in revenue in 2023, with valuations exceeding $200 billion. This wealth created is not shared with the users who contribute to its success. Usual's goal is to make users owners of the protocol's infrastructure, capital, and governance. By redistributing 100% of the value and control through its governance token, Usual ensures its community holds the reins.