Usual Labs’ stablecoin USD0 has a market value of over $1.4 billion, up 243% in the past month
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Odaily reported that according to DefiLlama data, the stablecoin product USD0 launched by stablecoin issuer Usual Labs, which is backed by real-world assets, has surpassed a market cap of $1.4 billion, ranking 6th among stablecoins. It has grown 66.12% in the past 7 days and 243% in the past month. Previously in April, Usual Labs announced the completion of a $7 million funding round, led by IOSG and Kraken Ventures, with participation from GSR, Mantle, Starkware, Flowdesk, Avi d3, Bing Ventures, Breed, Hypersphere, Kima Ventures, Psalion, Public Works, and X Ventures.
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