The stablecoin protocol Usual has completed a $1.5 million community financing, with participation from Breed Syndicate and others

ChainCatcher news, the stablecoin protocol Usual has completed a $1.5 million community financing round, with participation from The Echonomist, Breed Syndicate, and Comfy Capital.

According to RootData, Usual is a stablecoin protocol that has launched USD, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWA). USUAL is a governance token that allows the community to guide the future development of the network. Usual addresses current issues in the stablecoin market by redistributing profits to the community and rewarding token holders with actual earnings generated from RWA.