Stablecoin

Launchpool

Usual

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 Binance has<a href="https://www.binance.com/en/support/announcement/introducing-usual-usual-on-binance-launchpool-and-pre-market-7c4bf0dac2de4842984fc7c066204b05?hl=en&amp;ref=AZTKZ9XS&amp;utm_source=BinanceTwitter&amp;utm_medium=GlobalSocial&amp;utm_campaign=GlobalSocial" rel="noopener noreferrer nofollow"> announced</a> that it will be the first exchange to launch the new stablecoin USUAL via its pre-market launch platform, Binance Launchpool.
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The crypto exchange stated that the token’s dedicated page will go live 12 hours prior to its pre-market launch, which is scheduled for 10:00 UTC on November 19.
Binance is providing early access to the USUAL/USDT trading pair, allowing users to trade the stablecoin before the official spot listing. This move is aimed at giving traders a head start on USUAL’s market activity. The exchange stated it would soon announce the closing time for pre-market trading and the spot listing time.
USUAL is issued by<a style="color: #0000ff;" href="https://usual.money/" rel="noopener noreferrer nofollow"> Usual Labs</a>, a decentralized stablecoin issuer backed by major industry players like Kraken, Mantle, Starkware, GSR, and over 150 other investors. The firm introduced the Ethereum-based<a style="color: #0000ff;" href="https://finance.yahoo.com/news/finance-protocol-usual-introduces-stablecoin-140000588.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAADIFqRwRJLf74aMjzKkoexaXqms8PcuZ0jTpM9Tf3egorx2g2EcLFvCTwb1CsbpzBx9Kmt1Od0wozGBAA0FpFvGKaQzLegEV9QrZmvQQxeUOq9BJR-3Pew7EKtAYM5CZKRmd53W6gSuNicC4bX6w_6N8Bcm8Au6NjIfu7Ds3BGea" rel="noopener noreferrer nofollow"> stablecoin in February</a> 2024, presenting it as a permissionless asset-backed stablecoin. It stated the stablecoin will operate on the Ethereum network and on a revenue-based model designed to prioritize benefits for its community members.
When USUAL officially lists on Binance, its initial circulating supply will be around 12.37%, or 494.6 million tokens, out of a total supply of 4 billion.
Current<a style="color: #0000ff;" href="https://coinmarketcap.com/currencies/usual-usd/" rel="noopener noreferrer nofollow"> data from CoinMarketCap</a> shows that the USUAL stablecoin has already risen 0.08%, currently trading at $0.9991 with a market cap of $345.71 million and a total supply of 346 million tokens.
To incentivize early adoption, Binance is also offering users the ability to earn USUAL token airdrops in BNB and FDUSD over a four-day period. Farming for USUAL will begin on November 15 at 00:00 UTC.
The announcement of USUAL’s launch on Binance comes on the heels of Usual Labs<a href="https://twitter.com/usualmoney/status/1854185778072748271?t=Fh7zinCfRt-pzIKAcyeScw&amp;s=19" rel="noopener noreferrer nofollow"> successfully</a> completing a $1.5 million community funding round last week, with investments from notable players like The Echonomist, Breed Syndicate, and Comfy Capital.
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The post <a href="https://defi-planet.com/2024/11/binance-offers-early-access-to-usual-stablecoin-via-its-launchpool-ahead-of-market-listing/" rel="noopener noreferrer nofollow">Binance Offers Early Access to USUAL Stablecoin via its Launchpool Ahead of Market Listing</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Binance Offers Early Access to USUAL Stablecoin via its Launchpool Ahead of Market Listing

DeFi Planet

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