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Usual Labs Announces Public Pre-Launch Following $75M in TVL Commitments

source-logo  blockster.com 10 July 2024 14:31, UTC

Paris – Usual Labs, the trailblazing company behind the innovative Usual protocol, is excited to announce the start of its public pre-launch phase. This follows a successful private launch where they secured an impressive $75 million in Total Value Locked (TVL) commitments from over 180 top DeFi leaders and investors in just a month.

Usual Labs is revolutionizing the financial landscape with its USD0 stablecoin, bridging traditional finance and decentralized finance (DeFi). USD0 is designed to be a secure, transparent, and decentralized Tether, redistributing ownership and value through the USUAL token.

The protocol aggregates Real World Assets (RWA) and seamlessly integrates them with DeFi liquidity, ensuring safety, transparency, and verifiability, offering infinite scalability. This new stablecoin challenges fiat-backed systems by redistributing value and ownership to the community, who collectively own the infrastructure, including Tether/Circle.

Industry Support and Vision

The private launch’s success, with significant TVL commitments from key Web3 figures like Sam Kazemanian (Frax Finance), James Ross (Mode), and Michael Egorov (Curve), underscores the growing confidence in Usual’s potential to reshape the financial world and address its key challenges. This phase validated Usual’s vision and solidified its position as a leader in next-gen financial solutions.

As Usual Labs gears up for its public launch in Q4 2024, they are inviting the broader community to join in reshaping the future of finance. The public pre-launch phase will run for four months, offering participants the chance to be part of an airdrop scheduled for Q4 2024.

Pierre Person, CEO and Co-Founder of Usual Labs, expressed his excitement: “The surge in Real World Assets (RWA), especially 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, driven by a commitment to decentralization and redistributing value to the end user. 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 our protocol’s benefits firsthand.”

Pierre Person, CEO and Co-Founder of Usual Labs
Community Engagement and Future Goals

Usual Labs remains dedicated to maintaining 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, 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. This stage brings us one step closer to achieving that vision. Users who begin utilizing the Usual protocol now will be rewarded in various ways during the pre-launch phase, so stay tuned for updates from our official communication channels.”

For more information about Usual Labs and to participate in the USD0 public pre-launch, please visit https://usual.money/discover.