OKX Ventures officially announces investment in USUAL

OKX Ventures is investing in USUAL, a cutting-edge decentralized stablecoin backed by real-world assets.

OKX Ventures, the investment division of the well-known cryptocurrency exchange OKX, has officially announced its investment in Ordinary Protocol, a decentralized stablecoin issuer that aims to transform the financial landscape.

OKX Ventures Invests in USUAL 🌟

We’re excited to announce our investment in @usualmoney , a decentralized stablecoin protocol that’s redefining the future of finance! 🌍

With its novel approach to integrating RWAs & DeFi, USUAL is creating a more equitable, decentralized… pic.twitter.com/ulZpeGiJxr

— OKX Ventures (@OKX_Ventures) December 24, 2024

The goal of OKX Ventures, a fund with $100 million in seed investment, is to identify blockchain startups with significant potential. The investment portfolio includes a wide range of projects in the areas of blockchain infrastructure, layer 2 scaling solutions and DeFi breakthroughs; some of them include Sei Network, Arbitrum, SSV, LayerZero and zkSync.

Leveraging decentralization and combining real-world assets such as U.S. Treasury Bills (T-Bills), the Ordinary Protocol (USUAL) differentiates itself with its creative approach to stablecoin issuance. Due to the support of the US government, US Treasury Bills, which are short-term debt instruments issued by the government, are considered one of the safest investments in the world. The security and reliability of USUAL’s stablecoin has been increased with the addition of these secure real-world assets.

OKX Ventures supports the growth of decentralized financial infrastructure by funding USUAL. Unlike more traditional stablecoin models such as USDT and USDC, the project’s unique approach encourages the redistribution of wealth by sharing the profits from stablecoin issuance with users. This gives users a sense of ownership and empowers them to shape the future of the protocol.

Unlike traditional centralized stablecoins, USUAL distributes its earnings to users, giving them a share of the profits from stablecoin issuance. Expanding the protocol provides immediate benefits to users in this model’s more inclusive financial environment.

USUAL token has a market cap of $635 million with a trading volume of $964 million in the last 24 hours. Moreover, the upward price behavior as of November 24, 2024 demonstrates the market’s tremendous faith in the creative approach to stablecoin supply and decentralized finance. At the time of this writing, USUAL is trading at $1.34, up approximately 31.4% from the previous day.

Source: CoinmarketCap

OKX Ventures’ investment is a major step towards encouraging the development of decentralized stablecoins and USUAL is expected to be pivotal in changing the financial scene. With this support, USUAL is in a strong position to lead the next phase of expansion in the global DeFi market.