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OKX Ventures Invests in Usual to Expand Decentralized Stablecoin
In a significant move aimed at expanding the decentralized stablecoin ecosystem, OKX Ventures, the investment subsidiary of cryptocurrency exchange OKX, has announced its investment in Usual. The partnership is expected to further promote decentralized finance (DeFi) and integrate real-world assets with blockchain technology.
As part of this collaboration, OKX Ventures will support Usual’s efforts to create a more equitable and transparent stablecoin protocol, USD0, which utilizes tokenized US Treasury Bills as collateral. Unlike traditional centralized stablecoins issued by firms like Tether (USDT) and Circle (USDC), USD0 operates on the principles of decentralized governance.
Through this innovative approach, USD0 users will have the ability to participate in decision-making processes regarding revenue sharing and other key aspects of the platform’s development. The move reflects an increasing institutional interest in decentralized systems as regulatory frameworks for stablecoins evolve globally.
Usual’s CEO emphasized that their model is driven by community co-creation and mutual benefit, highlighting the importance of transparency and community control in DeFi initiatives. “Through the organic integration of RWA [Real-World Assets] and DeFi, USUAL has not only reshaped the yield structure of stablecoins but also created an economy driven by community co-creation and mutual benefit,” stated the CEO.
OKX Ventures’ investment in Usual demonstrates a growing trend of institutional support for decentralized models and the expansion of blockchain technology into traditional finance.
Source: http://www.crypto-news.net
