Binance, the world's leading cryptocurrency exchange by trading volume, is expanding its ecosystem with the launch of Usual (USUAL), a native token for a decentralized fiat stablecoin issuer. The token will be featured as Binance Launchpool’s 61st project, providing users with the opportunity to stake assets and farm USUAL tokens, marking a significant milestone for the decentralized finance (DeFi) space.
Usual is a revolutionary project in the world of decentralized stablecoins. Unlike traditional stablecoin issuers such as Tether (USDT) and Circle (USDC), which generated billions of dollars in revenue in 2023 without any direct sharing of wealth with users, Usual is committed to equitable distribution. It aims to offer a more decentralized, transparent, and secure alternative by integrating Real-World Assets (RWAs) directly into DeFi protocols, a move that strengthens the integrity of the ecosystem while adhering to the principles of decentralized finance.
Usual is a stablecoin issuer that has designed its protocol with a unique structure. The project aims to maintain its flagship stablecoin, Usual USD (USD0), at a 1:1 peg with the US dollar. However, the innovation doesn’t stop there. The platform seeks to empower its users to become true owners of the protocol through governance, treasury control, and infrastructure management—all facilitated by the USUAL governance token. This approach is designed to redistribute value in a more fair and transparent way, allowing users to participate in the growth and direction of the protocol.
The protocol's model contrasts with the centralized approach taken by leading stablecoin issuers like Tether and Circle, who control their platforms without much input from users. Usual aims to provide a solution where users are not just consumers but also have a say in the platform's governance, enabling them to benefit from the value generated by the protocol in a more equitable manner.
Binance users will have the opportunity to participate in the USUAL token airdrop between November 15th and 19th. During this period, users can stake BNB (Binance Coin) and First Digital USD (FDUSD) to receive USUAL token airdrops. This provides a great opportunity for users to get involved with the project from the ground up and to become part of the decentralized finance revolution.
After the airdrop period, Binance will officially list the USUAL token on November 19th, allowing users to trade, buy, and sell the token on the platform. The listing of USUAL on Binance Launchpool represents a major step in the expansion of decentralized stablecoins, as it signals increasing institutional interest in protocols that give power back to the community.
Usual’s unique approach to decentralized stablecoin issuance could redefine how users interact with stablecoins and DeFi ecosystems. By offering a decentralized alternative to established stablecoins, Usual is poised to gain traction as more crypto users demand transparency, fairness, and ownership in the platforms they engage with. Moreover, as decentralized finance continues to grow, the importance of governance tokens like USUAL will likely increase, as they allow users to have a direct influence on the direction of a project.
The introduction of Usual USD (USD0) as a stablecoin backed by Real-World Assets, coupled with a governance model that enables true decentralization, is a step toward more sustainable and equitable growth within the crypto industry. If successful, Usual could set a new standard for how stablecoins are issued and governed, empowering users to take ownership of their financial future.
Binance's addition of the USUAL token to its Launchpool is a big move for both the exchange and the broader cryptocurrency market. The introduction of a decentralized fiat stablecoin issuer with equitable profit-sharing and governance control is a significant step forward for decentralized finance. As Usual continues to grow, it will undoubtedly attract more attention from the DeFi community, offering new opportunities for users to engage in decentralized financial ecosystems and truly own the platforms they use.
With the Binance Launchpool airdrop scheduled for November 15th to 19th, followed by the token’s official listing on November 19th, this could be the beginning of a major shift in how stablecoins and DeFi platforms operate. Crypto enthusiasts and investors are closely watching Usual, as it positions itself as a leader in the next generation of decentralized finance.
For anyone looking to get involved early, staking BNB and FDUSD on Binance Launchpool may offer an excellent opportunity to be part of Usual's journey to disrupt the status quo of stablecoin issuance and governance in the DeFi space.
November 2024, Cryptoniteuae