The native token of a decentralized fiat stablecoin issuance platform is rebounding against falling cryptocurrency markets.
Two days ago, Binance, the world’s largest cryptocurrency exchange by trading volume, added support for the Usual Protocol (USUAL).
“Binance is pleased to announce that Usual (USUAL) will be added to Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures at the respective dates and times listed below.”
According to a post on Usual’s social media platform
“90% for the community: Usual is built to empower users with the most tokens for them.
No venture capital (VC)/team dump: only 10% allocated to insiders and cliff for one year.
100% returns to DAOs (Decentralized Autonomous Organizations): every $ in profits belongs to USUAL holders.”
According to Usual Protocol’s website, USUAL serves as a governance token that performs two main functions:
“1. Usual is a multi-source platform that aggregates growing tokenized real-world assets (RWA) from entities such as BlackRock, Ondo, Mountain Protocol, M0 or Hashnote and transforms them into a permissionless, on-chain, verifiable and composable stablecoin (USD0). Chain infrastructure. .
2. Usual is built around redistributing power and ownership to users and third parties, similar to a scenario where Tether’s TVL provider owns the company and its associated revenues.”
USUAL is trading at $1.43 at the time of this writing, up 17% on the day. Meanwhile, the overall cryptocurrency market cap decreased by 6% over the same period.
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