The decentralized stablecoin project Usual (USUAL) has been receiving significant attention from top venture capital firms as 2024 draws to a close. Following its listing on Binance Launchpool, the project has secured additional funding from leading VCs in the industry, reflecting strong investor confidence in Usual and the broader Real-World Asset (RWA) sector.
Usual is backed by Real-World Assets (RWA) and its flagship stablecoin, USD0, is supported by US Treasury Bills (T-Bills), which generate yield for investors. The project recently completed a $10 million Series A funding round led by Binance Labs and Kraken Ventures, with participation from Coinbase Ventures, Wintermute, Ondo, and others. This investment activity highlights the potential of Usual to drive innovation in the stablecoin sector.
Alex Odagiu, Investment Director at Binance Labs, expressed excitement about supporting Usual’s mission to push the boundaries of what stablecoins can achieve. The project aims to reshape the yield structure of stablecoins and create an economy driven by community co-creation and mutual benefit. With the backing of top-tier VCs, Usual is poised for long-term value creation and growth in the global decentralized finance space.
The price of USUAL has seen a 26% increase following the funding news, currently trading around $1.3. The total disclosed funding for Usual stands at $18.5 million, with a market capitalization exceeding $600 million. Its fully diluted valuation (FDV) surpasses $5 billion, with only 12% of the total supply currently in circulation. The project plans to unlock at least 3.2 million USUAL daily until 2028.
The market cap of USD0, Usual’s primary stablecoin, has experienced significant growth, rising from $20 million to over $1.4 billion in 2024. Over the past 30 days, USD0’s market cap surged by 237%, making it the fastest-growing stablecoin of the month. The stablecoin market has become increasingly competitive, with new entrants like Ethena Labs’ USDtb and Ripple’s RLUSD gaining attention.
As investors continue to show confidence in Usual and the growth potential of its stablecoin USD0, the project is well-positioned for further expansion in the decentralized finance space. With strong backing from top-tier VCs and a focus on innovation in the RWA sector, Usual is set to play a significant role in reshaping the stablecoin landscape and creating value for its community of users.
