Usual Labs Announces Public Pre-Launch Phase After Securing $75M in TVL for USD0 During Private Phase
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.