Deep Dive
1. Asset & IP Transfer to DAO (Early 2026)
Overview: A core proposal for early 2026 involves transferring assets and intellectual property developed by Usual Labs into the ownership of the USUAL DAO (Usual Blog). This aims to clarify that infrastructure built with collective resources belongs to the protocol, strengthening decentralization by moving authority to token holders.
What this means: This is bullish for USUAL because it legally entrenches community ownership, reducing central points of failure and aligning long-term value accrual directly with the DAO. It could increase governance participation and investor confidence in the protocol's decentralized future.
2. Clarified USD Product Lineup (Q4 2025)
Overview: The roadmap detailed a refined three-pillar USD system for Q4 2025: USD0 (cash with accrual), USD0a (delta-neutral yield), and an upgraded bUSD0 bond (Usual Blog). This architecture is designed to segment use cases—payments, yield generation, and long-term deposits—making the protocol a more versatile yield infrastructure.
What this means: This is bullish for USUAL because a more coherent product suite can attract different user segments (e.g., institutions to USD0a), potentially increasing Total Value Locked (TVL) and protocol revenues. However, execution risk and market adoption are key variables to watch.
3. EUR0 Stablecoin & FX Rails Launch (Q4 2025)
Overview: A major expansion planned for Q4 2025 was the launch of EUR0, a euro stablecoin backed by Eurozone T-Bills, alongside activated FX rails for seamless EUR/USD swaps (Usual Blog). This move targets the underserved on-chain euro market and aims to create a multi-currency DeFi bank.
What this means: This is bullish for USUAL because it diversifies the protocol's asset base and taps into a new, large currency market. Successful adoption could significantly expand the revenue base and utility of the entire ecosystem, though it introduces complexity and regulatory considerations.
4. USUAL Utility & Scarcity Measures (Q4 2025 Onwards)
Overview: The DAO was set to review proposals in Q4 2025 to optimize token emissions and introduce native utilities for USUAL holders, such as enhanced yield, fee reductions, and governance features (Usual Blog). These measures aim to reduce sell pressure and increase the token's fundamental utility beyond governance.
What this means: This is neutral to bullish for USUAL. Effective emission control can directly increase token scarcity, a positive for price. The development of real utilities is crucial for long-term demand but depends on successful implementation and user uptake.
Conclusion
Usual's roadmap focuses on cementing decentralized ownership, refining its core stablecoin products, expanding into new currencies, and enhancing its token's economic model. These steps aim to transition the protocol from a bootstrapped project to a mature, community-owned financial system. How quickly will the DAO enact these proposals to capture value in a competitive stablecoin landscape?