RWA stablecoin protocol Usual completes $10 million Series A financing

RWA stablecoin protocol Usual has completed a $10 million Series A financing, led by Binance Labs and Kraken Ventures. Galaxy, OKX Ventures, Wintermute, IOSG Ventures and others participated in the investment.

Usual is a decentralized RWA (real world asset)-backed stablecoin issuer that focuses on redefining stablecoins through community-first innovation. It realizes the redistribution of value and ownership through the $USUAL governance token, with 90% of the tokens allocated to users, promoting a decentralized and fair financial model.