USUAL is the native token of the Usual protocol, primarily focused on the operation of the ecosystem around Real World Assets (RWA) + Stablecoins (USD0/USD0++):

Stablecoin Foundation: USD0 is pegged to the US dollar, backed by over-collateralization with US Treasury bonds and other physical assets, providing stability; USD0++ is the liquidity staking token for USD0, where users staking USD0 can earn USUAL rewards, creating a closed loop of 'stablecoin + DeFi yields'.

Governance and Function: Although USUAL is not a direct governance token, staking it allows users to earn governance token USUALx, enabling participation in decisions related to protocol upgrades, treasury management, etc., while also incorporating a deflationary mechanism (buybacks reduce circulation), theoretically benefiting long-term value.

2. Price Prediction and Volatility Trends

Different platforms/analyses have varied predictions for the future price of USUAL, but they reflect market expectation logic:

Short-term (2025): Some forecasts suggest a price range for USUAL between $0.125 - $0.591, averaging around $0.334. If the ecosystem stabilizes and controversies regarding the redemption mechanism are resolved, it may rebound based on stablecoin demand; however, the early-year USD0++ de-pegging incident caused USUAL to drop by 18.7%, still impacting short-term sentiment.

Mid to Long-term (2026 - 2028): In 2026, the expected volatility range is $0.144 - $0.347. In 2027, due to market sentiment and other factors, it may be pessimistic (minimum $0.105), but by 2028, there may be an upward trend (average $0.198). Behind these predictions is a wait-and-see approach regarding the sustainability of its 'RWA + DeFi' model and the stability of its revenue model.

3. Opportunities and Risks Coexist

Opportunities: RWA Sector Dividend: Introducing real assets like US Treasury bonds into DeFi is an innovative direction for the industry. If it can continuously verify 'real yields + low risk', USUAL, as an ecosystem token, has long-term value support.

Room for Protocol Improvement: After the de-pegging incident, the team adjusted the redemption mechanism, added new vaults (like the sUSDe vault), and plans to develop Layer 2, which, if realized, could restore market confidence and expand application scenarios.

Core Risks: Difficulty in Restoring Market Trust: The 'default' controversy triggered by the USD0++ de-pegging incident exposed contradictions between DeFi governance efficiency and user expectations. If community communication and transparency do not keep pace, it may continue to affect token confidence.

Industry and Regulatory Risks: The crypto market itself is highly volatile, and the stablecoin and RWA sectors are deeply affected by policies (such as compliance with US Treasury bond investments and regulatory attitudes of various countries). If policies tighten, the ecosystem may come under pressure.