Stablecoin

DeFi

Fluid

Usual

Usual stablecoin issuer just launched its USD0/USDC liquidity pool on Fluid DeFi protocol, allowing liquidity providers to earn dual yields from both lending and trading APRs.
On May 19, an RWA-backed stablecoin protocol Usual <a href="https://x.com/usualmoney/status/1924527282405945799/" target="_blank" rel="noopener noreferrer nofollow">announced</a> the launch of its USD0/USDC liquidity pool on the DeFi protocol Fluid. The integration <a href="https://x.com/0xfluid/status/1924527093414822398/" target="_blank" rel="noopener noreferrer nofollow">allows</a> liquidity providers to earn lending APR, trading APR, and USUAL rewards on top.
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The launch is powered by Fluid’s advanced architecture, which optimizes liquidity ranges and enables deeper, more efficient markets for <a href="https://crypto.news/tag/stablecoin/" rel="noopener noreferrer nofollow">stablecoin</a> trading. This results in tighter spreads and better execution for users interacting with the USD0/USDC pair.
However, the real edge of USD0 being on Fluid is its relending mechanism, which allows deposited liquidity to simultaneously earn returns from both trading activity and lending protocols — enabling LPs to enjoy dual yield from a single position.
You might also like: <a href="https://crypto.news/stablecoin-developer-usual-faces-backlash-after-changing-redeem-function/" rel="noopener noreferrer nofollow"> Stablecoin developer Usual faces backlash after changing redeem function </a>
USD0 is a permissionless stablecoin backed by real-world assets — primarily ultra-short maturity U.S. Treasury Bills. It was launched by <a href="https://crypto.news/usual-protocol-activates-revenue-switch/" rel="noopener noreferrer nofollow">Usual Protocol</a> to offer greater safety than USD Coin (<a href="https://crypto.news/price/usd-coin/" rel="noopener noreferrer nofollow">USDC</a>) and Tether (<a href="https://crypto.news/price/tether/" rel="noopener noreferrer nofollow">USDT</a>) by avoiding reliance on traditional banks and their fractional reserve practices. It provides full transparency of its collateral, enabling anyone to verify its backing in real time.
Usual Protocol is headed by CEO Pierre Person, a former French politician and National Assembly member who played a key role in shaping the country’s crypto asset legislation.
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 “Existing stablecoin models lack transparency and equitable value distribution, privatizing their gains and socializing their losses, and going against the ethos that web3 was built on,” <a href="https://www.coindesk.com/tech/2024/02/28/finance-protocol-usual-introduces-stablecoin-backed-by-real-world-assets/" target="_blank" rel="noopener noreferrer nofollow">explained</a> Person. “Usual is proud to be addressing this void by providing a permissionless, real-asset backed stablecoin that shares our profits directly with the community, and empowers our token holders to guide us to the future that they see fit.”
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Usual <a href="https://usual.money/blog/tge-roadmap-announcement" target="_blank" rel="noopener noreferrer nofollow">launched</a> USD0 stablecoin alongside its liquid bond product USD0++ in July last year. USD0++ is a <a href="https://crypto.news/the-missing-pieces-of-defi-liquid-staking-opinion/" rel="noopener noreferrer nofollow">liquid staking</a> token that allows users to lock USD0 for up to four years, earning rewards in USUAL tokens. This token is tradable in secondary markets, offering liquidity alongside staking benefits.
In December 2024, Usual’s TVL surpassed $1.4 billion, ranking it among the top five stablecoins. Currently, USD0’s TVL stands as $646 million and it ranks as the 10th top stablecoin by marketcap on CoinMarketCap.
You might also like: <a href="https://crypto.news/usual-protocol-activates-revenue-switch/" rel="noopener noreferrer nofollow"> Usual Protocol activates revenue switch amid redeem function debate </a>

Usual’s stablecoin USD0 goes live on Fluid, unlocking dual yields for LPs

crypto.news

Other articles published on May 20, 2025

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