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🫰✨ Usual expands to @TacBuild With TAC’s mainnet launch, USD0 and USD0++ deploy on TAC, powered by @LayerZero_Core's OFT standard and @InterportFi. 🚜 More importantly: Usual's TAC Vault is going live on TAC mainnet, and the farm continues. Let's see what this means 🧵👇 https://t.co/VGfmb4eXxN
Anchorage Digital announced it will phase out support for USDC, AUSD, and USD0, citing regulatory and reserve management concerns identified in its Stablecoin Safety Matrix. The firm advised institutional clients to convert to USDG, a stablecoin backed by a consortium in which Anchorage is a founding member, prompting strong industry backlash. https://t.co/QxyCdwIDYd
USD0 on Base brings the same robust security, transparency, and bankruptcy-remote design. More ways to earn, interact, and plug into partner protocols are on the horizon. 🌐 Bridge now: app.interport.fi/bridge/1/8453/…
🔵 Usual has deployed to @base. Both USD0 and USUAL are now live on Base, leveraging @chainlink's CCIP and @InterportFi's capabilities. Cross-chain Usual is coming, read on 🧵👇
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🤝 Partnership alert: Usual x @OpenOceanGlobal Now, seamless swaps to/from USD0, USD0++, and USUAL are just a route away: users gain seamless access across dApps, wallets and bridges. Empowering liquidity & connectivity across DeFi, as Usual. x.com/12959735747259… Quote [@OpenOceanGlobal](https://www.twitter.com/OpenOceanGlobal/status/1874846403153023204) > 🌊 OpenOcean has partnered with @usualmoney by integrating their token mint solution into our intelligent routing algorithm. > > Now, you can easily swap any asset to/from $USD0, $USD0++, and $USUAL on OpenOcean. > > Try it now👉 app.openocean.finance/swap/eth > #rwa #stablecoin
The Usual protocol experienced a massive USD0 sell-off today triggered by a single whale’s trade on the secondary market, which raised doubts about the USD0 peg. USD0 briefly dipped to $0.99 before re-pegging to $1 within a few seconds, initially with some bps deviation due to constant sell-offs, and then re-pegging after a few hours. x.com/usualmoney/sta…
This morning (07:00 AM UTC), the Usual protocol experienced a massive USD0 sell-off triggered by a single whale’s trade on the secondary market, which raised doubts about the USD0 peg. USD0 briefly dipped to $0.99 before re-pegging to $1 within a few seconds, initially with some bps deviation due to constant sell-offs, and then fully re-pegging after a few hours. Strong peg over time Historically, the USD0 peg has remained one of the strongest on the market, which can be verified by anyone. FDUSD, PYUSD, or USDe often trade a few bps below their $1 peg more frequently than USD0. Redeemable 1:1 collateral USD0 is always redeemable on a 1:1 basis for its underlying collateral, ensuring solvency for the Usual protocol. This redemption is handled via a smart contract, currently accessible to any whitelisted entity. Our ultimate goal is to make it fully permissionless, but we’re conducting extensive audits before granting open collateral access. Robust secondary liquidity The secondary liquidity of the collateral relies on tokenized RWA issuers. Usual strives for the most liquid collateral—hence the choice of USYC. We’re also diversifying with M by M^0 (already implemented), USDTB from Ethena, BlackRock BUIDL by Securitize, OUSG by Ondo, and more. This diversified approach ensures multiple exit routes and optimal liquidity. Currently, all USD0 can be redeemed on a T+0 basis, supported by short-term money market instruments with high daily liquidity. Despite these pressures, the Usual infrastructure and model have proven solid; the peg is back to normal, and there’s now plenty of instant liquidity available for arbitrage. Overall, this was our first major stress test of the USD0 peg, with more redemptions than the entire TVL of GHO in a few hours—yet it was business as Usual. We will continue refining our processes to be even more efficient, and we have many exciting updates on the way. Usual remains strong and will stay. The Usual protocol team is always welcoming liquidity improvement proposals and collaboration. The stability of all systems is the primary concern of the whole team. Stay tuned for exciting news and features very soon. We wish you all a good New Year’s Eve.
Excited to announce @usualmoney is migrating to USDtb as collateral for their stablecoin USD0 This is the latest of many cutting-edge stablecoin protocols leveraging the composable benefits of Ethena's product set Details below 👇
3️⃣ Minting Momentum 💥 On the 25th, a record-breaking $23M USD0 was minted in a single day. This milestone underscores surging confidence in our stablecoin’s robust design.
Usual Labs raises $7 million from investors, including @KrakenVentures and @IOSGVC, to prepare for the pre-launch of its stablecoin USD0. trib.al/3WSpan8
Usual Labs has raised $7 million from investors, including @KrakenVentures and @IOSGVC, to prepare for the pre-launch of its stablecoin USD0. @willcanny99 reports. https://trib.al/nesW1nd
Finance protocol Usual has introduced a stablecoin, $USD0, that is backed by real-world assets and pays token holders with yields. @willcanny99 reports. https://trib.al/bc5oeI9
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