Binance will launch USUAL stablecoin on Nov. 19

Binance will be the first platform to launch stablecoin USUAL on November 19. The crypto exchange will provide trading support for USDT and USUAL trading pairs.

In an announcement published on November 14, Binance announced the 61st project to be launched on Binance Launchpool, the stablecoin Usual. Usual’s web page is expected to be available 12 hours before launch on November 19 at 10:00 UTC.

Usual Labs is a decentralized fiat stablecoin issuer backed by Kraken, Mantle, Starkware, and GSR, as well as over 150 investors. The token will be launched on the Ethereum network.

According to the announcement, users will be able to receive airdrops for USUAL tokens in the form of BNB (BNB) and FDUSD (FDUSD) within four days. Farming for USUAL will begin on November 15 at 00:00 UTC.

Say goodbye to the old world. A new era for DeFi is on the horizon.

Revenue-Based Model.
Real Value & Long-Term Token.
Community First. Zero Insider Dilution.

If you’re not bullish yet, now’s the time—DeFi renaissance is arriving ahead of schedule this year. https://t.co/jV2ibvqleb pic.twitter.com/9aMMEzMiqe

— Usual (@usualmoney) November 14, 2024

According to Usual’s X post, the stablecoin uses a revenue-based model that prioritizes community members.

Usual stablecoin is up 0.08% and is currently trading at $0.9991, according to CoinMarketCap data. The stablecoin has a market cap of $345.71 million and a total supply of 346 million USUAL tokens.

Binance provides a total supply of 4 billion USUAL tokens, with 7.5% of the supply allocated to rewarding users. The initial circulating supply for the listing of the stablecoin will be 12.37% of the total token supply, amounting to 494,600,000 USUAL.

Usual will be available for pre-market trading on USUAL/USDT trading pairs. Currently available for pre-market trading only, the exchange notes that the pre-market closing time and spot listing time will be announced at a later date.

Last week, the stablecoin issuer closed a community funding round raising a total of $1.5 million. Investors participating in the community round included Echonomist, Breed Syndicate and Comfy Capital.

Usual launched stablecoin USD0 in February 2024, describing it as a permissionless stablecoin backed by real-world assets. It also serves as a governance token that allows users to vote on the future of the network.