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OKX Ventures Invests in Usual to Expand Decentralized Stablecoin
OKX Ventures, the investment arm of cryptocurrency exchange OKX, has recently announced its investment in Usual, a decentralized stablecoin issuer. This move highlights the growing interest from institutional investors in decentralized finance (DeFi) and blockchain-based solutions.
The collaboration aims to expand Usual’s offerings by leveraging the strengths of both parties. By integrating with OKX Ventures, Usual can accelerate its growth plans and strengthen its position within the market.
Usual has gained attention for its innovative approach to stablecoins by being backed by tokenized US Treasury Bills. This decentralized governance framework allows holders of its native token, $USUAL, to participate in decision-making processes and share revenue generated. This shift away from traditional stablecoin issuers like Tether (USDT) and Circle (USDC) highlights the increasing demand for transparent and community-driven financial systems.
As part of this partnership, Usual will have access to OKX’s vast resources and expertise in the blockchain sector. This strategic move is expected to foster further collaborations between DeFi platforms and regulated financial institutions, ultimately enhancing stability and transparency within the market.
The investment underscores a growing trend towards institutional support for decentralized models, as regulatory frameworks for stablecoins continue to evolve globally. By backing Usual, OKX Ventures reinforces its commitment to promoting blockchain-based solutions in traditional finance.
OKX Ventures’ CEO emphasized the importance of stability and governance in DeFi, citing these factors as key drivers behind this investment.
Source: http://www.crypto-news.net
