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Usual Money is the first RWA-backed decentralized stablecoin protocol designed to democratize access to the RWA yield opportunities among stablecoin users. It allows them to exchange their centralized stables like $USDC or $USDT on the fully backed $USD0 token to use it across various DeFi apps or stake $USD0 to earn yield from the US Bonds, paid to users in $USUAL tokens.
$USUAL is a governance token of the platform, mainly used for decentralized voting and rewarding $USD0 stakers.
On April 17th, 2024, Usual Labs announced a $7M raise in its Strategic funding round with the participation of IOSG Ventures, Kraken Ventures, GSR, and some other prominent funds.