Binance, the top global crypto exchange by trading volume, is rolling out support for the new native token of a decentralized fiat stablecoin issuer.
Binance Launchpool, which lets users stake coins to farm new assets, says its 61st project will be Usual, a stablecoin issuer that aims to redistribute protocol ownership and governance through its native USUAL token.
Explains the project,
“Unlike Tether and Circle, which generated over $10B in 2023 without sharing wealth with users, Usual ensures equitable distribution of generated value. By integrating Real-World Assets directly into DeFi, Usual provides a more secure, transparent, and decentralized alternative that aligns with the principles of decentralized finance.
Additionally, Usual empowers users to become true owners of the protocol. This is achieved by allowing them to control the infrastructure, treasury, and governance through the governance token.”
The protocol already issues Usual USD (USD0), a stablecoin that aims to maintain a 1:1 peg with the US dollar. It’s currently the 220th-ranked crypto asset by market cap.
Between November 15th and 19th, Binance users can lock their BNB as well as 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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