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OKX Ventures Backs USUAL for Decentralized Stablecoin Innovation
December 24, 2024 – In a significant move, OKX Ventures has announced its investment in USUAL, a decentralized stablecoin issuer. This strategic partnership aligns with OKX Ventures’ mission to foster projects that merge traditional finance with decentralized finance (DeFi) while promoting true decentralization.
USUAL is poised to revolutionize the stablecoin market through its innovative integration of Real-World Assets (RWAs). The protocol’s flagship product, USD0, is a decentralized stablecoin fully backed by tokenized RWAs, such as U.S. Treasury Bills (T-Bills), managed in a decentralized and permissionless manner. This approach aims to create a new paradigm in stablecoin liquidity and value distribution.
One of the key differentiators for USUAL is its emphasis on decentralized governance. The native token, $USUAL, serves dual purposes of ownership and governance, allowing users to engage actively in the protocol’s decision-making processes and share in its financial success. This model empowers users by giving them a stake in the protocol’s growth, encouraging community-driven decision-making, and ensuring a more equitable and transparent framework.
Furthermore, USUAL bridges traditional financial assets with decentralized systems through collaborations with industry leaders such as Hashnote and BlackRock. This integration enables the utilization of RWAs like U.S. Treasury Bills, bolstering the stability and security of USD0. Additionally, partnerships with DeFi platforms including Curve, Pendle, Morpho, and Ether.fi allow USUAL to offer optimized yield strategies and robust liquidity solutions.
This innovative tokenization of RWAs into composable, on-chain verifiable instruments makes traditional financial products accessible within the DeFi landscape. By merging institutional-grade assets with advanced DeFi protocols, USUAL enhances the stability
Source: Blockchain.News
