Binance Launchpool, which lets users stake coins to farm new assets, says its 61st project will be Usual, a stablecoin issuer that aims to redistribute protocol ownership and governance through its native USUAL token.
Binance Launchpool to Airdrop New Native Token From Decentralized Stablecoin Issuer Usual
Binance Launchpool, a platform that enables users to stake supported coins to farm new crypto assets, has announced its 61st project. The latest initiative will see Binance Launchpool users offered the opportunity to farm the native token of Usual, a decentralized fiat stablecoin issuer.
According to the project’s description, Usual aims to redistribute protocol ownership and governance through its USUAL token. The project claims to be a stablecoin issuer that aims to integrate Real-World Assets (RWA) into decentralized finance (DeFi).
“Unlike Tether and Circle, which generated over $10B in 2023 without sharing wealth with users, Usual ensures equitable distribution of generated value,” the project stated.
The protocol has already launched its stablecoin, Usual USD (USD0), which is designed to maintain a 1:1 peg to the US dollar. The stablecoin ranks 220th among crypto assets by market capitalization.
Binance Launchpool users will be able to stake their BNB and the stablecoin First Digital USD (FDUSD) to receive airdrops of the USUAL token. The initiative will run from November 15 to 19, after which the exchange plans to list the asset.
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