Paris, France, July 10th, 2024,
Chainwire
The pioneering company behind Usual,
Usual Labs, an innovative protocol bridging
traditional and decentralized finance (DeFi) through its first USD0
stablecoin, is thrilled to announce the commencement of its public
pre-launch phase. This milestone follows a fruitful private launch,
during which Usual Labs secured an impressive $75 million in Total
Value Locked (TVL) commitments from over 180 prominent DeFi leaders
and investors within a month.
USUAL stands as a secure, transparent,
and decentralized Tether, redistributing ownership and value
through the USUAL token. As a Real World Assets (RWA)
infrastructure, it aggregates RWA and bridges it with DeFi
liquidity, ensuring RWA composability and integration within DeFi.
USUAL's design guarantees safety, transparency, and verifiability,
offering infinite scalability. Serving as an alternative to
fiat-backed systems, USUAL redistributes value and ownership to the
community, which owns the infrastructure, including
Tether/Circle.
The USD0 stablecoin is set to challenge
industry giants and establish itself as the leading DeFi-native
stablecoin, offering users a secure, community-owned alternative to
traditional financial systems.
The successful private launch and the
substantial TVL commitments from leaders in the web3 space,
including Sam Kazemanian from Frax Finance, James Ross from Mode,
Michael Egorov from Curve, and many others, demonstrate the
industry’s growing confidence in Usual's potential to revolutionize
the financial landscape and challenge its key pain points. This
phase was crucial in validating Usual's vision and establishing its
position as a leader in the next generation of financial
solutions.
Usual Labs is thrilled to advance
towards its public launch in Q4 2024, inviting the broader
community to join and participate in reshaping the future of
finance.
This public pre-launch phase will last
for four months, giving participants the opportunity to be part of
the airdrop scheduled for Q4 2024.
Pierre Person, CEO and Co-Founder of Usual
Labs expressed his enthusiasm, stating, "The surge in Real
World Assets (RWA), particularly on-chain US Treasuries, has
revealed the market's appetite. Usual provides an infrastructure
that aggregates RWA liquidity while enhancing its integration with
DeFi. Our vision is to completely rebuild Tether on-chain. We are
driven by a commitment to decentralization and aim to redistribute
the generated value to the end user, ensuring fiat-backed
stablecoins are truly crypto-minded. We are grateful for the
overwhelming support from our investors and early adopters during
the private launch, and we look forward to welcoming more users to
experience the benefits of our protocol firsthand."
As Usual Labs moves forward with its
public pre-launch, the company remains focused on fostering a
transparent dialogue with its community and empowering users to
actively shape the future of finance. The team is committed to
continuously refining the protocol based on user feedback and
ensuring a seamless experience for all participants.
Adli Takkal Bataille, Design Executive Officer
and Co-Founder added, "We are excited to open our doors to
the public and witness the transformative power of the Usual
protocol. Our goal is to create a more equitable, transparent, and
community-driven financial ecosystem, and this stage brings us one
step closer to achieving that vision. Users that begin utilizing
the Usual protocol now will get rewarded in various ways during the
pre-launch phase, so keep an eye out for updates from official
communication channels."
For more information about Usual Labs
and to participate in the USD0 public pre-launch, users can visit
https://usual.money/discover
About Usual Labs
Usual Labs is the company behind Usual, an innovative
protocol that bridges the gap between traditional and decentralized
finance through the USD0 stablecoin. Founded in 2022 by Pierre
Person, Adli Takkal Bataille, and Hugo Sallé de Chou, Usual Labs is
committed to creating a more equitable, transparent, and
community-driven financial ecosystem. With strong backing from
industry leaders and a significant TVL, Usual is poised to
revolutionize the world of stablecoins.
Contact
M Group Strategic
Communications
Usualpr@mgroupsc.com