Usual, a decentralized stablecoin protocol, has recently announced a significant achievement of securing a $10M Series A funding round led by Binance Labs and Kraken Ventures, along with several other notable participants. This funding milestone comes after Usual surpassed $1.4B in Total Value Locked and ranked among the Top 5 stablecoins in the market. Usual has emerged as a pioneer in the stablecoin industry by demonstrating sustained hypergrowth and leading the way in fiat-backed stablecoins.
With a focus on DeFi-first principles and an innovative model of redistributing ownership to its users, Usual is setting a new standard for stablecoins. By combining the security of real-world assets with the composability and liquidity of DeFi, Usual has been able to achieve rapid growth and create meaningful opportunities for its users. Through collaborations with projects like Ethena and Securitize, Usual is driving a new era of mature stablecoins that offer more than just simple yield.
One of Usual’s key achievements has been unlocking new avenues for collaboration with RWA tokenization platforms, showcasing the potential for creating real-world financial bridges in DeFi. Additionally, Usual has recently adopted M^0 as an alternative collateral structure for its stablecoin, USD0. By prioritizing community involvement, with 90% of its token allocation dedicated to users, Usual is truly setting itself apart in the stablecoin space.
Usual’s leadership, including CEO Pierre Person and Co-Founder Adli Takkal Bataille, have expressed their excitement about the future of the project. Pierre Person highlighted the significance of this funding round in solidifying Usual’s position as a promising project in both the stablecoin and DeFi ecosystems. Adli Takkal Bataille emphasized Usual’s commitment to bringing fiat-backed stablecoins into the DeFi era and creating unprecedented opportunities for users in the process.
Overall, Usual is on a mission to revolutionize the stablecoin landscape and reshape the way users interact with fiat-backed stablecoins and the DeFi ecosystem. With a strong focus on community involvement and innovative value redistribution, Usual is well-positioned to continue its growth trajectory and establish itself as a top player in the stablecoin market. Users interested in learning more about Usual can visit their website for additional information.
