Usual is a decentralized issuer of fiat-backed stablecoins. It empowers users through its governance token ($USUAL), and uses Real-World Assets (RWAs) to back its stablecoin (USD0). Usual aims to redistribute ownership and value to the community, creating a secure and scalable solution for stablecoins.
Warning
USD0++ experienced a significant depeg, dropping to $0.93 due to illiquidity and a time-to-redemption mismatch, causing cascading liquidations and market panic. With $200M+ in borrows on Morpho and spiking utilization rates from supplier exodus, the unwinding of leveraged positions may result in ecosystem-wide disruption.
