Binance has announced that the Common Protocol (USUAL) token will be added as a new loanable asset under its collateralized lending program.
The move hopes to increase borrowing flexibility by enabling users to use assets from Binance’s platform to earn rewards on Binance Earn—crypto holdings—as collateral and benefit from real-time annualized returns.
The addition of USUAL to Binance’s flexible lending portfolio is in line with the platform’s growing focus on stablecoin innovation. Recently, Binance Labs invested in Usual Protocol, a decentralized stablecoin provider backed by real-world assets. This partnership reinforces Binance’s commitment to incorporating cutting-edge technologies and assets into its ecosystem, providing more opportunities for users. #usualonbinance