Usual Introduces Permissionless Stablecoin USD0 Backed By Real-World Assets

According to CoinDesk, finance protocol Usual has launched USD0, a permissionless stablecoin backed by real-world assets (RWAs), and a governance token that allows users to influence the network's future. The New York-based company aims to address some of the current issues in the stablecoin market by redistributing profits to the community. USD0 holders will receive yields generated by the real-world assets, while the governance token, USUAL, will be granted to members of the Usual ecosystem, giving them the right to vote on proposals that guide the token's future. Stablecoin innovation has been accelerating, with Ethena Labs recently launching its USDe token, which it refers to as a synthetic dollar rather than a stablecoin. Users of its platform can deposit stablecoins to receive USDe, which is then staked. The yield is generated by staking ether to a validator and earning 5% on the capital, as well as shorting ether futures to capture the funding rate, estimated at above 20%. Usual is led by CEO Pierre Person, a former politician and member of the French National Assembly who spearheaded the country's crypto asset legislation. Person stated that existing stablecoin models lack transparency and equitable value distribution, and Usual aims to address this by providing a permissionless, real-asset backed stablecoin that shares profits directly with the community and empowers token holders to guide its future.