RootData released the RWA stablecoin protocol Usual briefing, and the USUAL token has increased by 52.82% in the past week

ChainCatcher news, RootData released the RWA stablecoin protocol Usual briefing, stating that Usual has raised a total of $18.5 million. Despite the overall downturn in the crypto market, $USUAL has achieved a 52.82% increase in the past week.

Usual is a fiat-backed stablecoin protocol planning to launch USD0, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWAs); it will also launch USUAL, a governance token that allows the community to guide the future development of the network.

Highlights of Usual include:

1. Enhanced security and stability

2. Flexible liquidity and yield generation

3. Deflationary model and long-term incentives

In addition, Usual announced last night the completion of a $10 million Series A funding round, led by Binance Labs and Kraken Ventures.