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OKX Ventures Backs USUAL for Decentralized Stablecoin Innovation
OKX Ventures, the investment arm of the prominent cryptocurrency exchange OKX, has announced its investment in USUAL, a decentralized stablecoin issuer that is revolutionizing the DeFi landscape. This strategic move aligns with OKX Ventures’ mission to support projects that merge traditional finance with decentralized finance (DeFi) and prioritize true decentralization.
USUAL’s groundbreaking approach sets it apart from other stablecoin issuers like Tether (USDT) and Circle (USDC). By integrating Real-World Assets (RWAs), such as U.S. Treasury Bills, into its decentralized protocol, USUAL has created a new paradigm in stablecoin liquidity and value distribution.
The integration of RWAs enables the creation of a decentralized stablecoin, USD0, which is fully backed by these assets, managed in a permissionless and decentralized manner. This approach aims to establish a new standard in stablecoin issuance, ensuring a more secure and transparent financial framework for users.
USUAL’s native token, $USUAL, plays a crucial role in this innovative ecosystem. By holding the token, users gain co-ownership of the protocol, allowing them to actively participate in its governance and share in its financial success. This decentralized governance model fosters community-driven decision-making, ensuring a more equitable and transparent framework.
In an unprecedented move, USUAL is empowering users by sharing value with them instead of centralizing profits within the company, as seen in traditional stablecoin issuers. By holding $USUAL, users gain co-ownership of the protocol, enabling them to influence its governance and reap financial benefits. This participatory approach contributes to the long-term sustainability and success of the network.
Furthermore, USUAL has established strategic partnerships with industry leaders such as Hashnote and BlackRock, allowing it to leverage RWAs like U.S. Treasury Bills, bolstering the stability and security of USD0. These collaborations also enable USUAL to offer optimized yield strategies and robust liquidity solutions through integrations with DeFi platforms including Curve, Pendle, Morpho, and Ether.fi.
By tokenizing institutional-grade assets into composable, on-chain verifiable instruments, USUAL has made traditional financial products accessible within the DeFi landscape. This merger of institutional-grade assets with advanced DeFi protocols enhances the stability and utility of its ecosystem, fostering a more inclusive and resilient financial environment.
USUAL’s innovative approach in integrating RWAs and decentralized governance has garnered attention from OKX Ventures, which is dedicated to supporting projects that converge traditional finance with decentralized finance (DeFi) while championing true decentralization.
Source: Blockchain.News
