The RWA stablecoin protocol Usual has completed a $10 million Series A funding round, led by Binance Labs and Kraken Ventures

the RWA stablecoin protocol Usual has completed a $10 million Series A funding round, led by Binance Labs and Kraken Ventures. Galaxy, OKX Ventures, Wintermute, IOSG Ventures, echo, Symbolic Capital, M^0, LeadBlock Partners, GSR, and others participated.

According to RootData, Usual is a stablecoin protocol that has launched USD, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWA). USUAL is a governance token that allows the community to guide the future development of the network. Usual addresses current issues in the stablecoin market by redistributing profits to the community and rewarding token holders with actual earnings generated from RWA.