{"id":33971,"date":"2024-12-24T14:30:47","date_gmt":"2024-12-24T11:30:47","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33971"},"modified":"2024-12-24T13:19:09","modified_gmt":"2024-12-24T10:19:09","slug":"binance-and-kraken-invest-in-usual-stablecoin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-and-kraken-invest-in-usual-stablecoin\/","title":{"rendered":"Binance and Kraken Invest in Usual Stablecoin!"},"content":{"rendered":"<p>The venture capital arms of <strong>Binance<\/strong> and <strong>Kraken<\/strong> have led a <em><strong>$10 million<\/strong><\/em> Series A funding round for the rapidly growing stablecoin project, <strong>Usual<\/strong>. Announced on <em><strong>Monday<\/strong><\/em>, the funding round also included participation from prominent industry players such as <strong>Ethena<\/strong>, <strong>M^0<\/strong>, <strong>Echo<\/strong>, and <strong>Ondo<\/strong>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/binance-and-kraken-invest-in-usual-stablecoin\/#Usual_and_the_USD0_Stablecoin\" title=\"Usual and the USD0 Stablecoin\">Usual and the USD0 Stablecoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/binance-and-kraken-invest-in-usual-stablecoin\/#The_USUAL_Token_and_Investor_Benefits\" title=\"The USUAL Token and Investor Benefits\">The USUAL Token and Investor Benefits<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Usual_and_the_USD0_Stablecoin\"><\/span>Usual and the USD0 Stablecoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Launched in early <em><strong>2024<\/strong><\/em>, Usual introduced <strong>USD0<\/strong>, a fully compliant stablecoin backed 1:1 by <strong>real-world assets<\/strong> (<strong><em>RWA<\/em><\/strong>), primarily U.S. Treasury bonds.<br \/>\nIn the past 24 hours, USD0 has reached a trading volume of<strong> $73,000<\/strong>. According to CoinGecko, USD0 currently ranks <strong>seventh<\/strong> in market capitalization and <strong>sixth<\/strong> in trading volume among stablecoins.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_USUAL_Token_and_Investor_Benefits\"><\/span>The USUAL Token and Investor Benefits<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Usual&#8217;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 <strong>Tether<\/strong> (<em><strong>USDT<\/strong><\/em>) and <strong>Circle<\/strong> (<em><strong>USDC<\/strong><\/em>), which direct profits solely to their issuers.<\/p>\n<p><strong><em>Pierre Person<\/em><\/strong>, <strong>CEO<\/strong> of Usual, criticized existing stablecoin models, stating:<\/p>\n<blockquote><p>&#8220;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\u201d<\/p><\/blockquote>\n<p>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\u2019s growth potential.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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<\/p>\n","protected":false},"author":6,"featured_media":33972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,501,1564,488,9444],"class_list":["post-33971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-investment","tag-kraken","tag-stablecoin","tag-usual"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance and Kraken Invest in Usual Stablecoin! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/binance-and-kraken-invest-in-usual-stablecoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance and Kraken Invest in Usual Stablecoin! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The venture capital arms of Binance and Kraken have led a $10 million Series A funding round for the rapidly growing stablecoin project, Usual. 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