Usual's $10M Funding: Blending Crypto and DeFi

So Usual just dropped some big news. They pulled in a cool $10 million in a Series A funding round, co-led by Binance Labs and Kraken Ventures. Honestly, this might just be a game changer. Usual is aiming to create a stablecoin that fuses the best of centralized support with the flexibility of decentralized finance (DeFi).

Usual's Unique Approach

Usual is not your average crypto coin. They're going for a fiat-backed stablecoin that can actually work in the real world—secured by real-world assets and pumped into DeFi liquidity. That’s a pretty ambitious goal if you ask me. But hey, if they can pull it off, it could signal a new era in the crypto fundraising platform scene.

The Funding Breakdown

Getting $10 million is no small feat, especially in today's market. The funding round also had some big names in attendance, including Galaxy Ventures, Coinbase Ventures, and OKX Ventures. With this much capital, Usual is positioned to expand and innovate in ways we might not have seen coming.

Tokenomics and Community Focus

What stood out to me was their commitment to a community-first token allocation. 90% of their token supply is going straight to the community. That’s a bold move and one that doesn’t happen often in crypto. But it also comes with its own risks—market volatility, regulatory scrutiny, you name it.

But if they can make it work, it could be a huge step forward for community engagement in the crypto market.

The Centralized Exchange Dilemma

Now here's where it gets really interesting. Usual is partnering with centralized exchanges like Binance and Kraken to boost its visibility and liquidity. On one hand, this gives them a wider audience and better trading conditions. On the flip side, it raises questions about how they’ll maintain their decentralized aspirations.

The Road Ahead

Usual’s model is fascinating. They’re attempting to combine real-world asset security with DeFi liquidity. If they can do it, it could shake up the new token market for good.

Anyway, keep an eye on Usual. They’re definitely one of the more intriguing upcoming crypto projects to watch.