As the crypto market navigates a turbulent phase, Usual Token (USUAL) has made an unexpected breakthrough, gaining 31% in just 24 hours and reaching $1.34. This remarkable rise comes on the heels of a $10 million investment led by Binance and Kraken, signaling strong confidence in the project’s vision for the stablecoin market.
Major Investment Spurs Growth
On Monday, Binance and Kraken announced their participation in a $10 million Series A funding round for Usual Token, a rapidly growing stablecoin initiative. Other key contributors to the funding include Ethena, Ondo—a firm specializing in real-world assets—and Echo, a decentralized crowdfunding platform founded by prominent crypto figure Jordan Fish (Cobie).
Launched discreetly in early 2024, Usual introduced USD0, a fully compliant stablecoin backed 1:1 by real-world assets. USD0 has quickly become the sixth-largest stablecoin by market capitalization, underlining its growing prominence in the space.
Strategic Partnerships and Innovation
Usual’s innovative approach and strategic collaborations have strengthened its position in the market. Recent partnerships with Ethena Labs and Securitize aim to revolutionize the DeFi sector by enhancing liquidity and delivering higher investment returns. Additionally, Usual integrates tokenization technology backed by BlackRock’s BUIDL fund, bridging the gap between traditional finance and blockchain solutions.
Alex Odagiu, Investment Director at Binance Labs, highlighted the transformative potential of these collaborations, describing them as a game-changer for both Usual and the broader crypto ecosystem.
Restoring Confidence in Stablecoins
The stablecoin sector has faced challenges in recent years, particularly from regulatory scrutiny. However, projects like Usual are rebuilding trust by addressing market needs and promoting innovation. The rise of Usual coincides with the potential for more crypto-friendly policies in the U.S., signaling a brighter future for the industry.
The swift ascent of Usual Token may mark the beginning of a new era in the crypto world. By tackling gaps in the traditional financial system and earning user trust, Usual is paving the way for stablecoins to become foundational elements of the market.
For more updates on innovative projects like Usual, stay tuned to Turkish NY Radio.
