Binance Labs Invests in Usual to Advance Stablecoin Innovation

Highlights:

• Binance Labs invests in Usual to advance decentralized and community-driven stablecoin innovation.
• RWA-backed collateral is used for normal uses of DeFi to ensure security and liquidity.
• $USUAL is a protocol that distributes protocol revenue to users, creating an equitable financial model.

Binance Labs has invested in Usual, a new entrant in the stablecoin space that prioritizes decentralization and the community first. The goal of this investment is to redesign how stablecoins operate by creating a trusted, RWA-backed, stable alternative that incentivizes users and empowers governance via $USUAL token.

https://t.co/Q5VupaWhcJ

— Binance Labs Fund (@BinanceLabs) December 23, 2024

Community-Centric Stablecoin Innovation

Unlike traditional stablecoin models, the usual system diverges from the traditional banking model with which the central bank usually has a monopoly. Instead, it provides a distinct model where the proceeds of $USUAL tokens are distributed at a rate of 90% toward the user community, such that the bulk of generated value gets locked up with the user ecosystem. Besides affording your website a fair and equitable financial environment, your site will also attain user loyalty and engagement.

Usual’s $USUAL token is at the core of Usual’s ecosystem, being the governance token directly tied to the protocol’s revenue. This connection allows token holders to participate in the decision-making and to share in the financial success of the protocol. Moreover, Usual is designed to respect the principles of DeFi, with a framework for transactions free of the usual banking risk.

Advancing Crypto Adoption Through Innovation

Backed by Binance Labs, Usual will revolutionize the stablecoin space and adopt decentralized finance. The partnership will utilize Binance Labs’ leveraging groundbreaking projects to further accelerate the development of the stablecoin space.

Usual’s approach created by us is to provide the stability of real-world assets (RWAs) together with the flexibility and liquidity of digital currencies. This hybrid model not only provides security but also supports the integration of the defi applications perfectly to provide users with a new path of investment and growth.

Strategic Collaboration for Future Growth

Usual and Binance Labs are combining Usual’s innovative spirit with Binance Labs’ resources and industry knowledge. According to Pierre Person, CEO at Usual Labs, this will keep the stablecoin space innovative and community-driven. Alex Odagiu, Investment Director at Binance Labs, was excited about Usual’s disruption in the crypto space.

Odagiu said:

“Stablecoins have brought new users to crypto. Usual’s community focus and governance is a new play.”

This is a big step towards a more inclusive and decentralized financial world, in line with Binance Labs’ mission to support projects that grow the ecosystem.

Binance Labs Fuels Crypto Developments

Binance Labs invested in Astherus, a DeFi liquidity hub, to boost user yields. It aligned with their strategy to focus on backing projects that fill gaps in the market. In addition, Binance Labs invested in Kernel, a core restaking platform on the BNB chain that expands other chains. This move enables their vision to build better Web3 infrastructure for better security and capital efficiency.

Binance Labs has invested in Kernel, the core restaking infrastructure on BNB Chain. Through restaking, Kernel will transform BNB's security into programmable and attributable trust for various crypto applications, services, and middleware. Kernel integrates native and liquid…

— Wu Blockchain (@WuBlockchain) November 25, 2024

Other restaking technologies, such as the ones Kernel plans to introduce to the world, will stimulate a new economy in Web3, driving security and fostering further innovation. Also, Kernel is launching Liquid Staking Tokens (LSTs) to beef up the BNB chain.