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.
Description
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 the Project
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.