Usual Money Launches Usual USD on Public Mainnet; TVL Reaches $90M

A project called Usual Money has officially unveiled its public mainnet, launching the usual usd (USD0) stablecoin. This initiative seeks to provide a decentralized alternative to traditional fiat-backed stablecoins.

Usual Money Debuts USD0 Stablecoin and USD0++ Liquid Bond

According to the project’s team, usual usd (USD0) is a stablecoin supported by real-world assets (RWAs), crafted to offer users a dependable and decentralized financial tool. The project also introduces USD0++, a liquid bond variant of the stablecoin, providing increased yield through ownership and governance redistribution. Users can obtain USD0, engage in liquidity pools, and earn Pills—a reward system tied to the amount of USD0++ held or provided as liquidity.

The launch is accompanied by the Pills campaign, allowing participants to earn Pills by interacting with the Usual ecosystem. These Pills will determine the allocation of USUAL tokens during the upcoming Token Generation Event. According to defillama.com stats, the USD0 protocol has $90.78 million total value locked (TVL) as of July 14.

In a blog post on the topic, Usual Labs, the team behind Usual Money, stressed the importance of early participation to maximize rewards. The Pills campaign asserts to offer substantial incentives for early adopters. Usual Money aims to position itself as a major player in the decentralized finance (defi) landscape, challenging conventional financial systems. Its entry comes at a time where a bunch of yield-bearing and defi stablecoin competitors have entered the fray.

What do you think about Usual Labs introducing USD0? Share your thoughts and opinions about this subject in the comments section below.

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