Usual

Infrastructure

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.

Project rating

6.4 / 10

Good

What is Usual

Here’s how it works:

Tokenized RWAs: Usual integrates assets from trusted financial entities like BlackRock. These RWAs provide liquidity and back USD0, creating a more stable and secure stablecoin.
Decentralized Ownership: Through $USUAL, users have a say in the protocol's governance. You get to control the treasury, vote on decisions, and bag a share in the profits.
Stablecoin Options: USD0 is the main stablecoin. You can also upgrade to USD0++, which offers extra rewards or speculative yield with no added risk to your principal. The speculative yield is tied to $USUAL's performance and the growth of the Usual ecosystem.
Fully Transparent and Secure: Usual’s stablecoins are fully verifiable on-chain. They’re decentralized and safe, with no exposure to traditional banking risks.

In summary, Usual brings decentralized governance, security, and transparency to the stablecoin space. It’s trying to give users true ownership and control.

Team of Usual

Pierre Person

CEO

Pierre Person

CEO

Pierre Person is the CEO of Usual and a former member of the French Parliament. There he specialized in financial matters and technology regulation, including blockchain and crypto-assets. He has a strong background in political strategy, having served as a political advisor to President Emmanuel Macron during the 2017 presidential campaign.

Funding of Usual

$7,000,000

Total Funds Raised

$7,000,000

Total Funds Raised

$7,000,000

Strategic Round

$7,000,000

Strategic Round

Led by IOSG Ventures and Kraken Ventures. Other investors include TRGC, GSR Ventures, Mantle among others.

Usual review

Pros

Decentralized Ownership & Governance

Usual gives you a chance to actively participate in how the platform is run by holding its $USUAL governance token. This means you have a say in key decisions, such as updates to the platform or changes to fees. It also lets you get a share in the profits, unlike centralized stablecoins like USDT or USDC.

Integration of Real-World Assets (RWAs)

Usual backs its stablecoin (USD0), with solid, trustworthy assets like U.S. Treasury Bills. These are considered some of the safest investments in the world. By using real-world assets, Usual offers you more stability than some crypto-only stablecoins. The latter can be vulnerable to sharp price swings or collapses in the crypto market.

User Incentives & Yield Opportunities

Usual gives you different ways to earn rewards. You can earn by simply participating in the platform. But if you want more, USD0++ offers higher yields by investing your stablecoin in riskier but potentially more profitable opportunities. Whether you prefer safer investments or want to take on more risk for higher rewards, the choice is yours.

Cons

Complexity for New Users

Usual might feel a bit overwhelming if you’re new to decentralized finance (DeFi). The platform operates across multiple blockchain networks (multi-chain infrastructure) and involves governance tokens like $USUAL, which could be confusing if you’re not familiar with how they work.

Reliance on Real-World Assets

While using U.S. Treasury Bills and other real-world assets provides stability, it also ties Usual’s performance to the traditional financial system. If the value of these assets drops (for example, during a financial crisis), it could negatively affect the value of USD0, and in turn, reduce the stability of your holdings.

Smart Contract Risks

Like most DeFi platforms, Usual relies on smart contracts to operate, which are pieces of code that automatically execute actions on the blockchain. Even with audits and security checks, there’s always a chance of vulnerabilities or bugs in the code. If something goes wrong, you could lose funds or the platform could experience disruptions, which would put your investments at risk.

Linity

Usual

What is Usual

Here’s how it works:

Team of Usual

Funding of Usual

Usual review

Opportunities

Past opportunities

Usual

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