Binance, the world’s leading crypto exchange by trading volume, is rolling out support for the new native token of a decentralized fiat stablecoin issuer.
Binance Launchpool, which allows users to stake coins to mine 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.
Explain the project,
“Unlike Tether and Circle, which generated over $10 billion in 2023 without sharing the wealth with users, Usual guarantees 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.
Additionally, Usual allows users to become true owners of the protocol. This is achieved by allowing them to control infrastructure, treasury and governance via the governance token.
The protocol already issues 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 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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