Usual Labs operates a decentralized finance protocol that issues a fiat-backed stablecoin, USD0, fully collateralized by Real-World Assets like US Treasury Bills. It addresses the limitations of centralized stablecoin issuers by redistributing 90% of protocol value to users through the $USUAL governance token, ensuring transparent ownership, real-time reserves, and sustainable rewards within the DeFi ecosystem.
Funding
$17M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
KVNFounders
Product
Problem
Existing stablecoin models often centralize value extraction, benefiting issuers rather than users, and may lack transparency in reserve management, creating risks for participants in the DeFi ecosystem. Traditional tokenomics can also disproportionately reward early insiders at the expense of long-term community value.
Solution
Usual Labs offers a decentralized protocol for issuing the USD0 stablecoin, which is fully collateralized by Real-World Assets (RWAs) such as US Treasury Bills, providing a secure and transparent alternative to traditional stablecoins. The protocol redistributes 90% of its value to users through the $USUAL governance token, ensuring community ownership and participation in the protocol's success. USD0 aims to combine the stability of fiat-backed currencies with the composability and transparency of DeFi, fostering a more equitable and sustainable financial ecosystem. The protocol also features USD0++, a liquid staking version of USD0, which acts like a savings account for Real-World Assets with a 4-year lock-up, offering rewards while remaining transferable.
Target Audience
The primary target audience includes DeFi users seeking a secure, transparent, and yield-generating stablecoin, as well as developers looking to integrate a reliable RWA-backed asset into their applications.
Features
- 1:1 backing of USD0 with Real-World Assets (RWAs) like US Treasury Bills for enhanced stability
- $USUAL governance token that redistributes 90% of protocol revenue to users
- USD0++ liquid staking option for earning rewards on USD0 holdings
- Cross-chain compatibility through LayerZero, enabling USD0 to function across multiple DeFi ecosystems
- Integration with Pyth Network for real-time price feeds across 75+ blockchains
- Support for swapping, staking, bridging, and providing liquidity within the Usual ecosystem
- Governance participation for $USUAL holders, allowing them to influence protocol development
- Availability on Ethereum and Arbitrum networks