Usual (USUAL), a rising star in the Real-World Asset (RWA) stablecoin space, is attracting major investments and impressive growth. Here’s a breakdown:
- $18.5M Funding Secured: Binance Labs, Kraken Ventures, Coinbase Ventures, and others back Usual’s innovative stablecoin model.
- USD0 Stablecoin Surges: Market cap explodes from $20M to over $1.4B, making it the fastest-growing stablecoin in the last 30 days (according to RWA.xyz).
- Strong Investor Confidence: Top VCs see Usual’s potential to redefine stablecoins and the RWA sector.
Usual’s Model:
- USD0, their flagship stablecoin, is backed by US Treasury Bills, generating yield for investors.
- Only 12% of the total USUAL supply is currently in circulation, with a controlled unlock schedule.
Market Landscape:
- The stablecoin market is heating up with new entrants like USDtb and RLUSD.
- Usual stands out with its RWA backing and focus on community-driven growth.
Overall, Usual’s recent funding and market performance highlight the growing interest in RWA-backed stablecoins and their potential to disrupt the DeFi landscape.
December 2024, Cryptoniteuae
📧 The Gulf reads Cryptonite first
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