Usual
USUALCommunity-owned RWA-backed stablecoin protocol
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.93% | 3.56% | 18.68% | 16.11% | 13.81% | 18.16% |
Revenue & Burn
Protocol income
$173.5KBuyback funds
$76.62KBurn funds
--Buyback ratio
44.2%Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $173.5K | $76.62K | -- | 44.2% |
| Sep 2026 | $322.62K | $130.16K | -- | 40.3% |
| Aug 2026 | $407.8K | $145.18K | -- | 35.6% |
| Jul 2026 | $305.66K | $36.02K | -- | 11.8% |
| Jun 2026 | $266.41K | $1.16K | -- | 0.4% |
| May 2026 | $277.59K | $1.21K | -- | 0.4% |
Comparison
Tokenomics
Unlock Progress
Data source: CoinMarketCap
USUAL represents ownership of 100% of the protocol’s revenue. The issuance of USUAL is directly correlated to future cash flows generated primarily by the stablecoin’s collateral. The token supply increases in line with protocol revenue growth, which is driven by collateral staked by USD0 holders.
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x06b9...4b8e |   USUAL | 955,467,478.74 | 48.47% | $9.63M |
| Binance 8 (acec) | USUAL | 296,045,648.71 | 15.02% | $2.98M |
| Binance 28 (efcb) | USUAL | 266,000,000 | 13.5% | $2.68M |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | BBinanceCEX | USUAL/USDT | $0.01012 | $73,005 | $80,948 | $400,435 | 1.81% |
| 2 | BBitDeltaDEX | USUAL/USDT | $0.01012 | $6,639 | $8,157 | $219,261 | 0.99% |
| 3 | BBTCCDEX | USUAL/USDT | $0.01012 | $1,638,024 | $1,709,483 | $200,307 | 0.91% |
| 4 | BBinanceCEX | USUAL/TRY | $0.01015 | $8,645 | $13,430 | $129,912 | 0.59% |
| 5 | BBinance TRDEX | USUAL/TRY | $0.01009 | $10,321 | $11,456 | $118,517 | 0.54% |
| 6 | BBinance TRCEX | USUAL/TRY | $0.01014 | $8,651 | $12,320 | $118,390 | 0.54% |
| 7 | BBlockFinDEX | USUAL/USDT | $0.01007 | $41,159 | $76,315 | $102,985 | 0.47% |
| 8 | TToobitDEX | USUAL/USDT | $0.01014 | $99,990 | $110,012 | $98,379 | 0.44% |
| 9 | OOrangeXDEX | USUAL/USDT | $0.009986 | $14,889 | $45,042 | $96,211 | 0.43% |
| 10 | LLBankDEX | USUAL/USDT | $0.01013 | $73,852 | $76,401 | $93,345 | 0.42% |
Follow Updates
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About Usual
Usual is a decentralized protocol issuing a fiat-backed stablecoin (USD0) collateralized by real-world assets (RWAs), primarily US Treasury bills. Its core business revolves around three products: USD0 (stablecoin), bUSD0 (liquid staking token), and USUAL (governance token). The protocol's competitive narrative is 'shared ownership'—unlike Tether or Circle, which retain all revenue, Usual distributes 100% of protocol value to token holders via USUAL. It addresses market pain points: stablecoin users get no yield or governance from incumbents, and RWA tokenization lacks DeFi integration. Usual solves this by offering yield (from T-bill interest) and governance (on-chain voting) while maintaining transparency through real-time collateral attestation.
Regarding the past six months (2026-03-02 to 2026-09-02), no reliable public information is available within this period. However, a notable negative event occurred earlier (January 2025): the redemption mechanism for USD0++ was changed, causing a depeg and a cascade of leveraged positions. This highlighted the fragility of RWA stablecoins when incentive structures shift abruptly. As of now, no verified updates for the specified timeframe exist.
Usual protocol launched on Arbitrum via LayerZero for cross-chain expansion.
It introduced a $16 million bug bounty program with Sherlock to strengthen security.
The token fee switch is scheduled for activation before February 1 to refine tokenomics.
Following the USD0++ depeg, the protocol activated the yield switch and enabled 1:1 early unstaking to stabilize the ecosystem.
It also plans to launch USL to reinforce USD0++.
Positive: Revenue Switch launched, distributing up to 100% of protocol revenue (~$1.15M weekly) in USD0 to USUALx stakers, with 275% APY; UIP-19 proposes burning 15.6M USUAL, raising NAV per token by ~0.27%; UIP-11 aims to cut total supply, halve future inflation, and reduce farming sell pressure; UIP-9 proposes using 70% of revenue for buybacks, introducing tiered locking, and limiting delta-neutral farming.
Negative: Prior inflationary rewards and farming sell pressure weighed on price, with token value not reflecting strong fundamentals; recent trading volume is near zero, with cautious sentiment awaiting governance vote results.
Co-founder & CEO Pierre Person, former member of the French Parliament, has led Usual since 2022, advancing the USD0 stablecoin and the RWA narrative.
Co-founder & COO Hugo Sallé de Chou, who previously founded French P2P payment app Pumpkin (acquired by Crédit Mutuel Arkea), oversees operations and execution.
Co-founder & DEO Adli Takkal Bataille, president of French Bitcoin community Le Cercle du Coin and co-author of "Bitcoin, la monnaie acéphale," leads tokenomics and design.
VP of Product Allan Floury, with 15+ years of startup product experience, previously at Ki Foundation and Klub, joined Usual in 2023 to lead product.
Recent team change at Usual (RWA stablecoin protocol): Core Contributor Akeel Qureshi joined in October 2025 and departed in May 2026. His responsibilities involved protocol development and ecosystem collaboration; after his departure, related functions were absorbed by the existing team.