What is Usual (USUAL)?

Deep Dive

1. Core Stablecoin System & Backing

Usual Protocol's foundation is its permissionless stablecoins, USD0 and EUR0. Unlike traditional models, these are fully collateralized by real-world assets (RWAs). USD0 is backed 1:1 by tokenized short-term U.S. Treasury Bills from institutional providers like BlackRock and Ondo Finance (Bitrue). This structure aims for greater transparency and reduced depegging risk compared to bank-reliant stablecoins.

2. Governance & Community-Aligned Economics

The USUAL token is central to the protocol's decentralized governance and unique value distribution. Holders can vote on proposals to guide the protocol's future. More distinctively, Usual is designed to share the vast majority of its revenue directly with its community. According to the team, up to 70% of protocol revenue is used for USUAL buybacks, while the remaining 30% is paid weekly in USD0 to users who lock their tokens (Usual). This model aims to tightly align long-term participants with the protocol's financial success.

3. Expanding Ecosystem of Yield Products

Built on its stablecoin base, Usual offers a suite of "Earning Modes" for yield generation. This includes Usual Savings, where users deposit USD0 to receive sUSD0, a token that accrues yield from regulated money markets (Usual). Other products like USD0a (Alpha) provide exposure to institutional market-neutral strategies, and bUSD0 (Bonds) offers a fixed-term yield product, giving users multiple avenues to generate returns.

Conclusion

Fundamentally, Usual is a community-owned financial protocol that merges the stability of real-world assets with decentralized governance and profit-sharing. Will its transparent, RWA-backed model become a new standard for stablecoins in DeFi?