Usual (USUAL) is a multi-channel infrastructure designed to transform the financial landscape by creating a decentralized and secure stablecoin. It aims to provide an alternative to other fiat-backed stablecoins, redistributing value more equitably among users.
Usual issues USD0, a stablecoin fully backed by tokenized real-world assets, such as tokenized US Treasury bonds. This ensures that each USD0 is backed by real assets with very short-term maturities, ensuring its stability and security.
Usual seeks to redistribute value and profits more fairly among participants, challenging the inequities of traditional financial systems where control and profits are often concentrated in the hands of a few.
But best of all, one of the backing (tokenized assets) could depend on traditional centralized systems, such as banks or financial institutions, which introduces a small degree of centralization into its base structure. This balance between decentralization and trust in real-world assets makes it an innovative hybrid.
The best thing of all is that if the US wants to centralize everything, it would be a great innovative project for them to do, because it issues USD0 which is backed by their own treasuries.