USUAL: Binance Prepares to Launch a New Stablecoin

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USUAL: Binance Prepares to Launch a New Stablecoin

Binance, one of the largest platforms in the crypto market, announced the launch of a new stable cryptocurrency, USUAL, on November 19, 2024.

USUAL will be the 61st project introduced through the Binance Launchpool. This will be the first time USUAL is traded on Binance, offering users the opportunity to trade using BNB and FDUSD pairs.

Key features of USUAL USUAL is developed by Usual Labs, a decentralized stablecoin issuer, and will be launched on the Ethereum network. The stablecoin stands out with a revenue-based model focused on community members. Of the total token supply of 4 billion that Binance will provide for USUAL, 12.37%—or 494.6 million tokens—will constitute the initial circulating supply. Additionally, 300 million USUAL tokens allocated for users in the Launchpool will be distributed as farming rewards.

According to the announcement, users will be able to earn rewards by farming USUAL tokens using BNB and FDUSD starting from November 15 at 03:00 UTC. It has been stated that the stable cryptocurrency will be made accessible to users before the market opening on November 19.

A breath of fresh air in the stablecoin market The USUAL launched by Binance, with a total supply of 4 billion, allows users early access through pre-market transactions. Usual Labs aims to reach investors in over 15 countries, including Turkey. Similar to the USD0 stable asset introduced in February 2024, USUAL is backed by real-world assets and empowers users to have a say in governance.

Binance, providing new opportunities for crypto investors, advises users to exercise caution in their transactions before the official listing of USUAL. More details about USUAL's position and performance in the market will be disclosed following the pre-market launch.

Community financing and market position In the community financing round completed last week, Usual Labs raised a total of $1.5 million. Significant investors like The Echonomist, Breed Syndicate, and Comfy Capital participated in this round. This process enabled USUAL’s market value to quickly reach $345.71 million.

Launched in partnership with Binance and Usual Labs, USUAL will be available for users alongside USDT trading pairs. This process, in which Binance calls for avoiding unofficial token offerings, presents investors with innovative opportunities within the expanding crypto ecosystem.