OKX Ventures, the investment arm of global cryptocurrency exchange OKX, has announced its strategic partnership with USUAL. The decentralized stablecoin issuer seeks to reshape finance by integrating real-world assets (RWAs) and decentralized governance.
USUAL’s Unique Approach to Stablecoins
USUAL introduces a fresh approach to stablecoin issuance. It uses tokenized U.S. Treasury Bills (T-Bills) and community-driven protocols to challenge traditional leaders like Tether (USDT) and Circle (USDC). By focusing on wealth redistribution and community ownership, USUAL stands out in the stablecoin market.
The protocol’s flagship product, USD0, is fully backed by T-Bills. This ensures stability and security similar to conventional financial instruments. Unlike centralized stablecoins, USUAL relies on a decentralized framework. This allows $USUAL token holders to participate in governance and share in economic gains.
Building Strong Collaborations
USUAL integrates real-world financial assets into decentralized finance (DeFi). Its partnerships with BlackRock and Hashnote have enabled the inclusion of tokenized T-Bills in its collateral pool. As a result, USUAL has gained credibility and improved its market position.
Moreover, the protocol has aligned with top DeFi platforms like Curve, Pendle, Morpho, and Ether.fi. These collaborations have enhanced its liquidity strategies and yield optimization models. Consequently, USUAL has achieved significant milestones, including surpassing $1.4 billion in total value locked (TVL). It now ranks among the top five stablecoins by market capitalization.
Rapid Market Growth
USUAL has become the fastest-growing fiat-backed stablecoin on Ethereum. Its market capitalization has reached $625 million, while its 24-hour trading volume stands at $968 million. Additionally, the $USUAL token recently surged by 21.3%, reaching $1.32, according to CoinGecko.
This growth coincides with Ethereum Layer 2 networks reaching a $13.5 billion stablecoin supply. Clearly, USUAL’s rise is reshaping the DeFi landscape.
Industry Trends and Investment Milestones
The growing trend of integrating RWAs into DeFi aligns with USUAL’s vision. Recently, the protocol completed a $10 million Series A funding round. Binance Labs, Kraken Ventures, Galaxy Ventures, Coinbase Ventures, and OKX Ventures were key contributors.
Pierre Person, CEO and Co-Founder of USUAL Labs, described this funding as a pivotal moment. He emphasized that it will drive USUAL’s expansion from decentralized finance (DeFi) into centralized finance (CeFi).
“This milestone will propel USUAL’s expansion into CeFi,” said Person. “We are supported by investors dedicated to reshaping the stablecoin industry.”
Community-Centric Model and Future Plans
USUAL is committed to its community. Unlike traditional stablecoins, it allocates 90% of its token supply to users. This model ensures profits are shared with the community instead of being centralized.
Adli Takkal Bataille, Co-Founder of USUAL Labs, highlighted the protocol’s unique value redistribution model. He said, “We are bringing fiat-backed stablecoins into the DeFi era. The next phase will accelerate this transformation and create unprecedented opportunities.”
Competitive Stablecoin Market
The stablecoin market continues to grow rapidly. Ripple recently launched its RLUSD stablecoin, while Ethena Labs introduced USDtb, backed by the BlackRock Liquidity Fund. Despite this competition, OKX Ventures’ investment underscores confidence in USUAL’s ability to redefine stablecoin issuance.
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