What is Usual (USUAL)?

Deep Dive

1. Purpose & Value Proposition

Usual addresses centralization risks in stablecoins by creating USD0, a decentralized alternative backed by verified real-world assets like short-term U.S. Treasuries from partners such as BlackRock and Ondo (Usual Docs). Unlike traditional models where profits go to corporate entities, Usual redistributes 70% of protocol revenue to token holders through buybacks and direct payouts, aligning incentives between users and the network.

2. Technology & Ecosystem

The protocol operates as multi-chain infrastructure, enabling USD0 minting across Ethereum, Arbitrum, and other networks. Its “liquid bond” product, USD0++, allows users to lock stablecoins for yield-generating positions while retaining liquidity. Integrations with DeFi platforms like Fluid Protocol enable dual-yield opportunities by combining trading fees and lending APRs (CoinMarketCap).

3. Tokenomics & Governance

USUAL’s supply is 90% community-controlled, with emissions tied to protocol revenue. Stakers earn 30% of weekly fees, while 70% fuels buybacks to reduce circulating supply. This “proof-of-revenue” model contrasts with inflationary reward systems, creating deflationary pressure as adoption grows (@usualmoney). Governance decisions—like collateral adjustments or new integrations—are made collectively by token holders.

Conclusion

Usual reimagines stablecoins as community-owned public infrastructure, combining institutional-grade asset backing with decentralized governance. Its hybrid model positions USD0 as both a stability tool and yield vehicle within DeFi. As RWA adoption accelerates, can Usual’s transparent, user-aligned framework set a new standard for stablecoin sustainability?