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OKX Ventures Backs USUAL for Decentralized Stablecoin Innovation
In a significant development in the world of decentralized finance (DeFi), OKX Ventures has announced its investment in USUAL, a pioneering project that is revolutionizing the stablecoin market through innovative integration of Real-World Assets (RWAs) and decentralized governance.
OKX Ventures’ strategic decision to support USUAL underscores their commitment to fostering projects that converge traditional finance with DeFi while promoting true decentralization. This partnership has the potential to transform the landscape of stablecoin issuance, as USUAL’s groundbreaking approach promises a new paradigm in stablecoin liquidity and value distribution.
USUAL’s decentralized stablecoin protocol, USD0, is fully backed by tokenized RWAs, such as U.S. Treasury Bills (T-Bills), managed in a decentralized and permissionless manner. This innovative approach aims to create a new standard in stablecoin issuance, allowing users to participate actively in the decision-making process through ownership and governance of the protocol.
The native token, $USUAL, serves dual purposes of ownership and governance, empowering users with co-ownership of the protocol, enabling them to influence its governance and share in its financial success. This decentralized governance approach fosters a community-driven decision-making process, ensuring a more equitable and transparent framework.
In contrast to traditional stablecoin issuers like Tether (USDT) and Circle (USDC), which centralize profits within their companies, USUAL takes a groundbreaking step by sharing value with its users and token holders. By holding $USUAL, users gain co-ownership of the protocol, allowing them to actively participate in the governance process and reap financial benefits.
Furthermore, USUAL’s integration of RWAs addresses a critical challenge in the DeFi ecosystem, enabling the bridging of traditional financial assets with decentralized systems. Collaborations with industry leaders like Hashnote and BlackRock enable USUAL to leverage RWAs like U.S. Treasury Bills, bolstering the stability and security of USD0.
Partnerships with prominent DeFi platforms including Curve, Pendle, Morpho, and Ether.fi allow USUAL to offer optimized yield strategies and robust liquidity solutions.
Source: Blockchain.News
