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Cryptocurrency News Articles

Bitget Lists Usual (USUAL), Adding it to Spot Trading

Dec 23, 2024 at 10:17 pm

Usual is an innovative fiat-backed stablecoin protocol focused on security and decentralization. As a multi-chain infrastructure, Usual integrates tokenized

Bitget Lists Usual (USUAL), Adding it to Spot Trading

Cryptocurrency exchange and Web3 company Bitget has announced the listing of Usual (USUAL) on its platform.

With the listing, trading for the USUAL/USDT pair has commenced, and deposits and withdrawals are now available for the token.

According to a press release shared with CoinDesk, Usual is a fiat-backed stablecoin protocol that is focused on security and decentralization.

The protocol serves as a multi-chain infrastructure that integrates tokenized real-world assets (RWAs) from entities such as BlackRock, Ondo and Mountain Protocol, converting them into a permissionless, on-chain verifiable and composable stablecoin, USD0.

When users deposit RWAs or USDC/USDT (with a third party providing RWA collateral), they will receive USD0, which represents the initial value of the deposit and can be traded freely.

The press release also notes that $USUAL is the revenue-based governance token of the project.

In contrast to conventional revenue-sharing models that redistribute a portion of the revenue generated by stablecoins, the platform prioritizes user-centric mechanisms by redistributing 100% of value and control through its governance token.

This mechanism not only redistributes revenue but also ownership of the system, offering incentives for early adopters and providing token holders with long-term upside potential.

By listing USUAL, Bitget aims to support innovative DeFi projects and further its mission to empower users with access to cutting-edge financial solutions that are driving Web3 development.

The listing of USUAL aligns with the platform’s broader vision to introduce traders to a leading protocol at the intersection of stablecoins and tokenized real-world assets.

More details on USUAL can be found here.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, users can contact: media@bitget.com

Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.

Original source:tradingview

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