Binance, the largest global crypto exchange by trading volume, introduces support for the new native token from a decentralized issuer of fiat stablecoins.
Binance Launchpool, which allows users to stake coins to grow new assets, say his 61st project will be Usual, a stablecoin issuer that aims to redistribute protocol ownership and management through its native USUAL token.
Explains the project,
“Unlike Tether and Circle, which generated more than $10 billion by 2023 without sharing wealth with users, Usual ensures a fair distribution of the value generated. By integrating Real-World Assets directly into DeFi, Usual offers a more secure, transparent, and decentralized alternative that aligns with the principles of decentralized finance.
Furthermore, Usual allows users to become true owners of the protocol. This is achieved by allowing them to control infrastructure, treasury and governance through the governance token.”
The protocol is already issuing Usual USD (USD0), a stablecoin that aims to maintain a 1:1 peg to the US dollar. It is currently the 220th largest crypto asset by market capitalization.
Between November 15 and 19, Binance users can lock their BNB and the stablecoin First Digital USD (FDUSD) to receive USUAL airdrops. The exchange then plans to list the asset on the 19th.
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Generated image: Midjourney