Binance Launches 61st Project: Usual Stablecoin Farming Starts Nov 15
Binance has launched its 61st project on Binance Launchpool, introducing Usual (USUAL), a novel decentralized fiat stablecoin issuer. The Usual protocol has swiftly gained traction, attracting $355 million in TVL and 50,000 users in just three months.
The Usual protocol, which redistributes 90% of ownership and value back to the community, is set to start farming for USUAL tokens on 2024-11-15 at 00:00 (UTC). Binance users can earn these tokens by locking up certain assets and farming them over a four-day period. During this time, an initial circulating supply of 300,000,000 USUAL will be distributed as rewards.
The Usual stablecoin, USD0, is verifiable on the blockchain and doesn't require permission from a single authority to use. It offers unique benefits in the crypto space, with the protocol backed by real-world assets (RWAs). Companies like Amber International (Nasdaq: AMBR) and Sky Quarry (Nasdaq: SKYQ) have invested in RWA tokenization platforms, with Sky Quarry authorized to raise up to $100 million for its digital asset treasury focused on RWAs.
Binance is offering a pre-market trading event for USUAL starting on 2024-11-19 at 10:00 (UTC). Users can accumulate USUAL tokens daily by participating in the BNB or FDUSD pools.
The Usual protocol's rapid growth and innovative approach to stablecoin issuance have caught the attention of Binance and the crypto community. With the upcoming farming period and pre-market trading event, Binance users have the opportunity to earn and trade USUAL tokens, potentially sharing in the value and success created by the protocol.
