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

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 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

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Through the hassley audit, the crosschain infrastructure struit and stablecoin mutual protocol contract

May 15, 2025

How do cryptocurrency exchanges actually utilize HD wallets?

April 20, 2024

Bitcoin ends the week on a calm note

December 18, 2023
  • 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.