Author: Sleeping Wildly in the Rain
Today I want to extend the topic of "Binance Launchpool's New Project Usual" and briefly talk to you about my thoughts on the RWA sector.
Previous Story
I believe that friends who are interested in this project have already known Usual It is a fiat currency issuer, and its track is RWA+stablecoin, and the final output is $USD0. At present, Usual's TVL is 414M.
Its native token is $USUAL, which enjoys the governance and dividend rights of the protocol. 90% of the total tokens will be allocated to the community, and 10% will be allocated to the team, VC and consultants. The market maker should be GSR.
The following are my own thoughts
1. Does Binance's listing of $USUAL mean that RWA Token has regained market attention?
From the data, the ranking of the RWA track has risen from 7th to 5th (largely due to the excellent performance of $OM), and the overall situation is still relatively stable. The market has not been enthusiastic about the RWA sector because of Binance's listing of $USUAL.
2. The market's disenchantment with BlackRock & RWA and the next RWA catalyst
What will be the catalyst for the RWA sector in the future? In my personal observation, the market has gradually disenchanted with information such as "a certain project cooperates with BlackRock".
This is a diminishing marginal effect.
My personal opinion is that the large-scale promotion of PayFi may have a very positive impact on the RWA sector. We can see that whether it is Paypal, Coinbase or Trump, they are all working hard in this direction. (Here is a note about PayFi: I think the PayFi track is part of the RWA sector)
Paypal launched $PYUSD (also subsidizing users), and also allows merchants to buy, hold and sell cryptocurrencies from business accounts.
Meanwhile, Trump Media Technology Group is also considering launching a crypto payment service, applying for a service called TruthFi on Monday and describing it as a platform for crypto payments.
All signs indicate that PayFi It is very likely to become the mainstream narrative of the future market, and it is also likely to become the detonation point for the RWA sector to regain market attention.
3. $USUAL and Pendle
The launch of $USUAL is also good for Pendle. If you often read my Pendle updates, you will find that I often mention the $USD0 stablecoin pool. Pendle and Usual have been working together for a long time, and this Binance Launchpool will increase the market's attention to $PENDLE.
This is also what I like about Pendle. No matter how the market changes, the demand for Yield Farming continues to exist. And Pendle will play a very important role in it. From LSD to LRT, and now BTCFi and Usual, Pendle can never be bypassed.
Remember this sentence: "Yield is everywhere, Pendle is everywhere".
Crypto.com's Dubai arm secures full operational approval, marking a milestone in serving institutional investors. The UAE's crypto-friendly environment continues to attract businesses, positioning Dubai as a global crypto hub.
Weilianghis authorization allows Crypto.com to expand its product offerings in the UK market.
AlexThe company adapts strict cost-cutting to return to profitability in 2023.
BeincryptoAttested by Mazars Group, Users Can Verify That Their Crypto Assets Are Fully Backed (1:1) on our Platform
OthersCryptocurrency exchange heavyweights Crypto.com and Binance are investing hundreds of millions of US Dollars in France.
BitcoinistKyle Klemmer joins Mech.com as COO, bringing 15 years of growing and running startups to Fortune 500 companies. Kyle quickly ...
BitcoinistThe mobile-first cryptocurrency exchange recently received regulatory approvals to operate in Greece, Singapore and Dubai.
CointelegraphAs the ongoing crypto bloodbath has brought many crypto-oriented businesses on the verge of collapse, general sentiments are pointing toward ...
Bitcoinist1st July, 2022, Dubai, UAE: The global cryptocurrency exchange, XT.com, is thrilled to announce its token offering expansion and list ...
BitcoinistBlockchain.com would be just the second crypto exchange to go public in the U.S. if it can perform an IPO before Binance.US.
Cointelegraph