Usual Labs is set to launch USUAL stablecoin on November 19 on Binance, marking its 61st project on Binance Launchpool. USUAL introduces a decentralized fiat-backed stablecoin designed to reward community participation. Through Binance’s Launchpool, users will be able to farm USUAL tokens by locking BNB and FDUSD, aligning with the growing trend of decentralized networks and blockchain development. Backed by major investors like Kraken, Mantle, and Starkware, USUAL aims to make stablecoin payments more transparent and community-driven.

• Binance will launch USUAL, a decentralized fiat-backed stablecoin, on November 19.
• Users can farm USUAL tokens through Binance’s Launchpool and participate in airdrops by locking BNB and FDUSD.
• Developed by Usual Labs, USUAL aims to reshape stablecoin payments by enhancing community engagement and decentralization.
• The stablecoin uses a revenue-based model to reward community members and is backed by prominent players like Kraken, Mantle, and GSR.

The new stablecoin, USUAL, will be available on the Ethereum network, and Binance users can start farming USUAL tokens beginning November 15. The pre-market trading for USUAL/USDT pairs is scheduled for November 19, with more details on the spot listing to follow. USUAL’s focus on community rewards highlights the future of cryptocurrency, blending real-world asset backing with a decentralized approach.

The rise of stablecoins, such as USUAL, highlights their growing importance in the financial landscape, as they provide stability amidst the often volatile cryptocurrency market. Stablecoin payments bridge the gap between traditional and decentralized finance, enabling users to transact on decentralized networks without the price fluctuations seen with other digital assets. Stablecoins can offer a seamless experience for users who seek the benefits of blockchain development while mitigating financial risks, which is crucial for broader adoption in global markets.

USUAL is distinct in its community-driven model, allocating 7.5% of its total 4 billion token supply to user rewards. With an initial circulating supply of around 494.6 million tokens, Usual Labs aims to reshape stablecoin development by prioritizing community engagement over traditional financial gains.

In recent years, several major companies have ventured into the stablecoin arena, recognizing their potential to shape the future of cryptocurrency and digital finance. Stablecoins not only offer the stability needed for broader adoption but also play a pivotal role in powering advanced Web3 applications, such as super apps like X, by enabling seamless, integrated payments. This innovation supports a more dynamic digital economy, where stablecoins provide the secure, reliable foundation for transactions within decentralized and multi-functional platforms.

As USUAL prepares to launch, its unique approach to stablecoin development stands as a testament to the transformative potential of decentralized finance. By combining real-world asset backing with a community-first model, USUAL aims to set a new standard in stablecoin payments and blockchain development. With major companies also entering the stablecoin space, this innovation represents an exciting step forward in the evolution of digital finance, promising a more inclusive and stable ecosystem for users worldwide.

Expert Opinion And Quotes

Pierre Person, CEO of Usual Labs: “Usual provides an infrastructure that aggregates RWA liquidity while enhancing its integration with DeFi. Our vision is to completely rebuild Tether on-chain, driven by a commitment to decentralization, aiming to redistribute generated value to the end user.” - Source

Adli Takkal Bataille, Usual’s Co-Founder: “We aim to create a more equitable, transparent, and community-driven financial ecosystem. This phase brings us one step closer to achieving that vision.” - Source

Katherine Wu, Partner at 1confirmation:  “USUAL's revenue-based model is an intriguing approach that prioritizes community engagement. It could set a new standard for how stablecoins function within the DeFi ecosystem.” - Source

FAQ

What makes USUAL different from other stablecoins?
USUAL’s unique revenue-based model sets it apart by prioritizing community rewards, enhancing transparency, and redefining stablecoin development through decentralized networks.

What are interest-bearing stablecoins, and how do they differ from regular stablecoins?
Interest-bearing stablecoins are a type of stablecoin that allows holders to earn a yield or interest on their holdings, often through decentralized finance (DeFi) platforms. Unlike traditional stablecoins, which are designed to maintain a stable value, interest-bearing stablecoins offer additional income opportunities, making them an appealing option for users looking to grow their assets within the stable and transparent framework of decentralized networks.

What network is USUAL based on?
USUAL operates on the Ethereum network, aligning with blockchain standards and expanding its reach within decentralized networks.