Can Ahmet 
The venture capital arms of Binance and Kraken have led a $10 million Series A funding round for the rapidly growing stablecoin project, Usual. Announced on Monday, the funding round also included participation from prominent industry players such as Ethena, M^0, Echo, and Ondo.
Usual and the USD0 Stablecoin
Launched in early 2024, Usual introduced USD0, a fully compliant stablecoin backed 1:1 by real-world assets (RWA), primarily U.S. Treasury bonds.
In the past 24 hours, USD0 has reached a trading volume of $73,000. According to CoinGecko, USD0 currently ranks seventh in market capitalization and sixth in trading volume among stablecoins.
The USUAL Token and Investor Benefits
Usual’s protocol is governed by the USUAL token, which aims to deliver real yields from reserve assets to its investors. This approach challenges the business models of major stablecoins like Tether (USDT) and Circle (USDC), which direct profits solely to their issuers.
Pierre Person, CEO of Usual, criticized existing stablecoin models, stating:
“Existing stablecoin models lack transparency and equitable value distribution, privatizing their gains and socializing their losses, and going against the ethos that web3 was built on”
With USD0, Usual promotes a novel model that fosters fair revenue sharing and transparency in the decentralized finance (DeFi) space. Backing from major exchanges like Binance and Kraken highlights confidence in the project’s growth potential.
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