At 3 AM this morning, the US Federal Reserve announced a 1-point rate cut, causing a violent market reaction, with Bitcoin plummeting from a high of $104,800 to $98,802. However, amid the overall market downturn, $USUAL bucked the trend and surged 25%, becoming the focus of market attention.
Bucking the Trend with Impressive Gains
USUAL is a secure and decentralized fiat-backed (RWA) stablecoin issuance protocol. Yesterday, it announced several important updates, including the token being listed on Binance, with trading pairs against BTC, USDT, and FDUSD. The key highlights are as follows:
- Airdrop Distribution
- Listing on Binance.
- Trading pairs with BTC, USDT, and FDUSD.
- Daily dividends for token holders.
- Launch of the USUALx Empowerment Mechanism
USUALx aims to incentivize long-term holders with additional rewards and governance rights:- Holders receive a 10% bonus distribution and a 33.33% share of system fees.
- Emphasis on "fewer participants, higher dividends" to increase earning potential.
The DeFi Tripartite Alliance
Furthermore, USUAL announced a collaboration with Ethena and Securitize to launch the "Stablecoin Holy Trinity" strategy, emphasizing liquidity, yield, and composability. This alliance aims to reshape the decentralized finance (DeFi) ecosystem, with key highlights including:
- Real-Asset Backing: Accepting USDtb and BUIDL as collateral for the first time, achieving stability and high liquidity.
- Yield Enhancement: Creating industry-leading stablecoin yields through RWA (real-world assets) and delta-neutral strategies.
- Composable Interoperability: Enabling low-slippage, efficient liquidity through a 1:1 exchange mechanism between USDtb, USD0, and sUSDe.
Furthermore, the USUAL team emphasizes that the project is not led by venture capitalists, with 90% of the tokens distributed to the community, and a "100% of earnings to the DAO" philosophy, where every dollar of revenue belongs to USUAL holders.
USUAL Shines with Remarkable Gains
According to CoinGecko data, $USUAL has surged 22.6% in the past 24 hours, currently trading at $1.14, and briefly reaching an intraday high of $1.218. Its market capitalization exceeds $500 million, with a 24-hour trading volume of $178 million, indicating ample liquidity. Additionally, USUAL's TVL has surpassed $1 billion.
Despite the significant drop in Bitcoin and other major cryptocurrencies during this morning's market volatility, USUAL has successfully attracted investor interest through its Binance listing, daily dividend mechanism, and USUALx Staking model, resulting in a strong price performance against the market trend.
Compared to recent major projects and events like the Binance Alpha and Binance $PENGU hiccups, $USUAL's Binance listing and airdrop launch have not yet triggered any significant market liquidity outflows or sell-off pressure. The key to its future price performance will likely depend on the protocol's long-term profitability and whether the tripartite alliance can achieve synergies to maintain its market position.
