What is Usual (USUAL)?

Deep Dive

1. Asset-Backed Stablecoin System

Usual Protocol's primary function is issuing stablecoins. Its USD0 token is pegged 1:1 to the U.S. dollar and is backed by tokenized short-term U.S. Treasuries. This real-world asset (RWA) backing, sourced from regulated institutions, aims to provide transparency and reduce depegging risk compared to algorithmic models. A parallel EUR0 stablecoin, backed by European sovereign bonds, offers euro-denominated stability.

2. Governance and Rewards Token

The USUAL token is central to the ecosystem's decentralized governance. Holders can stake their tokens to vote on key decisions, such as collateral types and fee structures. Beyond governance, USUAL is a rewards asset. The protocol captures yield from its Treasury-backed reserves and redistributes it to participants, incentivizing long-term alignment.

3. Community-Aligned Economic Model

Usual differentiates itself with a strong revenue-sharing model. The protocol commits up to 70% of its revenue to buy back USUAL tokens from the open market, potentially reducing circulating supply. The remaining revenue is paid weekly to users who lock their staked USUAL (USUALx) for extended periods, directly rewarding long-term commitment and ownership.

Conclusion

Usual is fundamentally a community-owned financial primitive that merges the stability of real-world assets with decentralized governance and a participatory profit model. Can its transparent, yield-sharing approach establish a new standard for stablecoin protocols?