France Welcomes USD0: A Stablecoin Empowering the Community

In France, the crypto infrastructure thrives as the financial protocol Usual unveils USD0, a stablecoin pegged to the US dollar and backed by real-world assets. Holders of USD0 will receive yields from underlying collateral returns.

Usual's USD0: Bridging Traditional Finance with DeFi Through Innovative Yield Model

Usual introduces USD0 with a unique yield model, inspired by Ethena Labs, rewarding stablecoin holders outside DeFi frameworks. This approach diverges from typical crypto logic, signaling a fusion of traditional finance (TradFi) and blockchain-based decentralized finance (DeFi).

Usual's Vision: Bridging Traditional Finance and DeFi for Financial Inclusion and Growth

Usual aims to bridge the gap between TradFi and DeFi, promoting financial inclusion and growth. While technical details remain undisclosed, the project, led by former politicians and entrepreneurs, plans its launch in France, with Hugo Sallé de Chou confirming the impending debut.

Alongside USD0, Usual introduces USUAL, a governance token enabling community voting on development proposals. Pierre Person, Usual's CEO and former French National Assembly member, envisions expanding web3 into traditional realms, emphasizing transparency and fair value distribution.

USD0 Launches in France Amid Global Expansion of Stablecoin Sector

As USD0 enters the French market, the stablecoin sector witnesses global expansion, with private firms, banks, and institutions issuing stablecoins pegged to fiat currencies. The dominance of the US dollar drives USD0's launch, reflecting the sector's preference for USD-pegged coins.

Despite USD's dominance, Europe sees notable strides in stablecoin innovation, exemplified by Spain's EURM pilot program and Société Générale's EURCV stablecoin initiative. These initiatives underscore the growing relevance of stablecoins in Europe's financial landscape.

Usual's USD0 Launch Signals Dawn of Web3 Era in Stablecoin Evolution

The introduction of USD0 by Usual marks the beginning of a global movement leveraging web3 opportunities. As stablecoin adoption proliferates, the industry remains dynamic, with ample prospects for growth and innovation.

In summary, Usual's USD0 launch in France heralds a new era of stablecoin development, emphasizing community empowerment and bridging traditional and decentralized finance realms. As stablecoins gain traction globally, the sector's evolution promises continued innovation and expansion.