Usual Money's USD0 Experiences Decline Following Protocol Update

According to Odaily, Usual Money's staked USD0 saw an 8.5% drop on decentralized exchanges, falling below the $1 mark after a dual exit update to the protocol. This led to the sale of millions of USD0++ by holders, causing significant imbalance in its largest Curve pool. Analysts note that while Usual's USD0 remains a stablecoin backed by U.S. Treasury bonds and is still pegged to $1, the liquid staking version, USD0++, functions more like a zero-coupon bond. It has a four-year lock-up period, offering holders Usual's native utility and governance token, USUAL, upon maturity.