Usual, the groundbreaking decentralized stablecoin protocol, announces a $10M Series A funding round led by Binance Labs and Kraken Ventures, with participation from Galaxy Ventures, Guy from Ethena, Ondo, Coinbase Ventures, IOSG Ventures, OKX Ventures, Wintermute, Echo, Fasanara Digital, Symbolic Capital, Amber, GSR, Psalion, Hypersphere Ventures, Avid3, FunFair Ventures, Leadblock Partners, Phaedrus, JPEG Trading, White Loop Capital, and Krypital.
This funding milestone follows Usual’s remarkable achievements:
- Surpassing $1.4B in Total Value Locked.
- Ranking among the Top 5 stablecoins, ahead of PayPal USD and Frax.
- Usual is the first fiat-backed stablecoin to demonstrate sustained hypergrowth since Circle.
Pioneering a New Era for Stablecoins and leading DeFi Renaissance
Usual stands out with a DeFi-first spirit and an innovative model of redistributing ownership to its users. It represents a turning point for fiat-backed stablecoins, blending the security of real-world assets (RWAs) with DeFi’s composability and liquidity.
This summer, Usual became the fastest-growing stablecoin on Ethereum, achieving the first-ever hypergrowth for a fiat-back…
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