As a researcher with a keen interest in blockchain technology and decentralized finance (DeFi), I find the recent investment of $10M by Binance Labs and Kraken Ventures into Usual, a decentralized stablecoin issuer, to be an exciting development. With my years of experience observing the crypto market, it’s clear that traditional stablecoin issuers often behave like centralized banks, consolidating liquidity without redistributing value back to users.
Usual’s approach of encouraging a decentralized financial model and focusing on community-first principles is a breath of fresh air in this space. The fact that 90% of $USUAL tokens go to the company’s users, ensuring the value of the ecosystem, is a game-changer. This shared ownership design not only provides a more equitable financial model for the community but also paves the way for a new standard of inclusion and empowerment in the crypto space.
The partnership between Usual and Binance Labs, a well-known player in the DeFi sector known for its investments in innovative projects, is a strategic move that will help reshape the stablecoin market. With Binance Labs’ experience and successful collaborations with transformative projects, Usual is poised to maintain the innovation and community character of the stablecoin market while also contributing significantly to the development of the decentralized financial system.
Lastly, I find it amusing to imagine a world where traditional banks start consolidating liquidity and giving it back to their users – now that would be a real “stable” revolution!
Binance Labs and Kraken Ventures have committed a total of $10 million towards Usual, a company that aims to revolutionize the stablecoin market by focusing on Reserve-Backed Assets (RWAs), Decentralized Finance (DeFi) and a community-driven approach.
Traditionally, Usual has announced the successful completion of its $10 million Series A funding round. This round, spearheaded by Binance Labs and Kraken Ventures, marks a significant stride in what the company terms as ‘The Stablecoin Renaissance.’ Usual shared this significant update via its official account on platform X.
Based on a post from Binance Labs, the decentralized stablecoin issuer known as Usual has received significant funding from Binance Labs, which is backed by real-world assets. The Usual protocol’s stablecoin operates using the $USUAL governance token, playing a crucial role within the protocol and being connected to its revenue model, thereby adding inherent value. This design aims for Usual to reshape the stablecoin market through a community-focused approach, innovative token economics, and a decentralized finance (DeFi) centered architecture.
In traditional stablecoin systems, issuers often behave like central banks, amassing liquidity but not returning the value to their users. Efforts to change this have focused on decentralized financial structures. However, in the case of 90% of $USUAL tokens, they are distributed to the company’s own users. This practice helps maintain the ecosystem’s value, as the shared ownership structure creates a more equitable financial model for the community.
Usual and Binance Labs Aim to Innovate the Stablecoin Ecosystem
Traditionally, Usual issues RWAs as a stablecoin, combining the safety of tangible assets with the adaptability of Decentralized Finance (DeFi). This approach shields users from banking risks while providing significant benefits such as shared rewards, shared decision-making rights, and value distribution within the ecosystem.
Thanks to support from Binance Labs, the startup Usual is poised to revolutionize the stablecoin market. Known for its involvement in the decentralized finance (DeFi) sector, Binance Labs has a reputation for funding cutting-edge projects. Alex Odagiu, an Investment Director at Binance Labs, also shared his views on Usual’s community-focused approach. He believes this model sets a new benchmark for diversity and empowerment. Additionally, he stated that it simplifies the process of attracting newcomers to the cryptocurrency world.
As a researcher, I share the enthusiasm expressed by Pierre Person, CEO of Usual Labs. With Binance Labs’ track record of successful collaborations on transformative projects, I am confident that our alignment with their mission bodes well for our venture. Furthermore, we are committed to preserving the innovative and community-oriented essence of the stablecoin market.
Ultimately, this collaboration positions Usual as a significant player in shaping the future of the decentralized financial structure and the arena for stablecoins.
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In conclusion, through this partnership, Usual will play a crucial part in designing the next generation of decentralized finance and the environment suitable for stablecoins.
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2024-12-30 10:28