Wang Long Chai
December 24, 2024 06:56
OKX Ventures has invested in USUAL, a decentralized stablecoin protocol that integrates real-world assets to enhance DeFi with governance and ownership features.
OKX Ventures, the investment arm of leading cryptocurrency exchange OKX, announced an investment in decentralized stablecoin issuer USUAL. According to OKX Ventures, this strategic move is consistent with OKX Ventures’ mission to foster projects that blend traditional finance and decentralized finance (DeFi) while championing true decentralization.
Stablecoin issuance revolution through USUAL
USUAL differentiates itself in the stablecoin market through its integration of real-world assets (RWA) and decentralized governance. The protocol’s flagship product, USD0, is a decentralized stablecoin fully backed by tokenized RWAs, like U.S. Treasury bills (T-Bills), and governed in a decentralized and permissionless manner. This approach aims to create a new paradigm for stablecoin liquidity and value distribution.
The native token, $USUAL, serves the dual purpose of ownership and governance, allowing users to actively participate in the protocol’s decision-making process and share in its financial success.
Empowering users through governance
USUAL is pioneering a value redistribution model that sets it apart from traditional stablecoin issuers such as Tether (USDT) and Circle (USDC). USUAL shares value with users and token holders rather than centralizing profits within the company. By holding $USUAL, users gain collective ownership of the protocol, allowing them to influence its governance and benefit financially.
This decentralized governance approach promotes community-driven decision-making, ensuring a more equitable and transparent framework. Users are not only stakeholders in its growth, but also actively participate in the evolution of the protocol, contributing to the long-term sustainability and success of the network.
Real Asset Integration (RWA)
To address critical challenges in the DeFi ecosystem, USUAL connects traditional financial assets with decentralized systems. Collaborating with industry leaders like Hashnote and BlackRock will allow USUAL to leverage RWAs like U.S. Treasury bills, enhancing the stability and security of USD0.
Additionally, partnerships with DeFi platforms including Curve, Pendle, Morpho, and Ether.fi enable USUAL to offer optimized return strategies and powerful liquidity solutions. Innovative tokenization of RWA into a configurable, on-chain verifiable tool makes existing financial products accessible within the DeFi environment.
By merging institutional-grade assets with advanced DeFi protocols, USUAL enhances the stability and usability of the ecosystem, creating a more inclusive and resilient financial environment.
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