Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Binance and Kraken lead $10 million investment in fast-growing decentralized stablecoin Usual
ADOPTION NEWS

Binance and Kraken lead $10 million investment in fast-growing decentralized stablecoin Usual

By Crypto FlexsDecember 23, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance and Kraken lead  million investment in fast-growing decentralized stablecoin Usual
Share
Facebook Twitter LinkedIn Pinterest Email

Binance and Kraken, the venture wings for the cryptocurrency exchange, led a $10 million Series A funding round for fast-growing stablecoin startup Usual, according to a statement on Monday.

Other backers include Ethena, a synthetic dollar platform. Real asset specialist Ondo Echo is a decentralized crowdfunding platform founded by cryptocurrency expert Jordan Fish (popularly known as Cobie) and several other high-profile investors.

M^0 On-Chain Stablecoin Infrastructure Company signed a deal Last week we joined Usual as a sponsor to help expand our support assets.

Launched “stealth” in early 2024, Usual offers a fully compatible stablecoin called USD0 that is backed 1:1 by real assets, primarily US Treasury bonds. Its founder, Pierre Person, is a former vice president of the president’s party and a former member of the French National Assembly, who led the French cryptocurrency bill.

According to CoinGecko, USD0 surpassed $1 billion in market capitalization last week and is set to rise to $1.5 billion in the coming days. data. It is the 7th largest stablecoin by market capitalization and the 6th most traded by volume.

Governed by the USUAL token, the protocol is designed to reward holders with actual returns generated by these reserve holdings, unlike the two largest stablecoins, USDT and USDC, which pass profits directly to issuers Tether and Circle, respectively. USD0 expects an annual return of 80%.

“The existing stablecoin model lacks transparency and fair distribution of value, privatizing profits and socializing losses, and goes against the spirit on which web3 was founded,” Usual CEO Person said in a statement.

The USD0++ protocol allows users to earn rewards in USUAL by staking their USD0 holdings for up to 4 years. Usual sometimes compares USD0++ to a short-term T-Bill in that it provides rights to future profits from the protocol.

USUAL is up about 11% in the last 24 hours.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Most Popular

Pepe price surges 13% to new ATH amid Ethereum Meme coin boom as this red hot dog-themed cryptocurrency offers one last chance to buy.

May 27, 2024

Improve your credit score fast: 1Credit can help! – DeFi information

February 18, 2024

Cardano: The impact assessment of 190m whale behavior on the price of ADA

March 20, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.