Deep Dive
1. February 2026 Product & Growth Update (5 March 2026)
Overview: Usual's monthly recap highlighted significant progress in February 2026. Over $50 million was deposited into the Fira Lend UZR market, boosting Total Value Locked (TVL). The team completed the $USUALx token unlock phase via governance proposal UIP-11. Key product developments included launching a live multi-arbitrage bot for its USD0 and EUR0 stablecoins and streamlining withdrawal processes. The protocol's architecture was also reorganized into four clear pillars: Cash, Savings, Alpha, and Bonds.
What this means: This is bullish for USUAL because it demonstrates active governance, growing TVL, and continuous product refinement aimed at improving user experience and capital efficiency. The operational forex bot could enhance stablecoin peg stability and generate additional protocol revenue.
(Usual)
2. Virtual IBANs Simplify Euro Transactions (3 March 2026)
Overview: Usual integrated virtual International Bank Account Numbers (IBANs) to create a direct fiat rail for its euro-pegged stablecoin, EUR0. This allows users across 36 countries to deposit and withdraw euros via SEPA and SEPA Instant transfers directly within the Usual app, eliminating the need for intermediary exchanges or tokens.
What this means: This is a bullish development for adoption, as it significantly reduces friction for European users to access Usual's yield-bearing euro stablecoin. Easier on- and off-ramps can drive increased usage of EUR0 and, by extension, the broader protocol ecosystem.
(The Defiant)
3. USUAL Token Listed on Biconomy Exchange (31 October 2025)
Overview: The Biconomy exchange listed the USUAL token, creating a new USUAL/USDT trading pair. The announcement emphasized USUAL's role as the governance token that gives holders ownership and a share in the protocol's revenue model.
What this means: This is neutral-to-bullish for USUAL, as new exchange listings typically improve liquidity and accessibility for traders. It represents a step in expanding the token's market presence beyond its native ecosystem.
(Biconomy.com)
Conclusion
Usual is executing on a dual strategy of deepening its core DeFi treasury markets while broadening real-world accessibility, particularly in Europe. Will streamlined euro on-ramps be the catalyst to significantly boost EUR0 adoption and protocol revenue?