First, project background: 'Financial magic' disguised as a stablecoin.
This USUAL project sounds like a U.S. supermarket has entered the blockchain, but upon closer inspection – wow! It turns out to be a 'stablecoin patchwork monster'!
The core products are USD0 (claimed to be a 1:1 collateralized stablecoin) and USD0++ (four-year zero-interest bonds). Sounds high-end? In reality, it's just a 'Russian doll game': Users lock up USD0 for four years to exchange for USD0++, under the guise of 'earning interest', but the interest is all paid in the project's token USUAL (a mirage), and when they redeem, they find out that the promised $1 guarantee has turned into a 'floor price of $0.87' (retail investors: Where's the promised principal?).
What's even more ridiculous is that the project also pulled in French lawmakers to stand on stage, claiming to 'bring down USDT', only to get themselves beaten into a sieve by users. Team background? Don't ask, just know it's 'hardcore government relations', but when users seek protection, not a shadow can be found.
Second, the record of the price crash: A self-directed 'financial diving show'.
1. The Unanchoring Spectacle: The 'collapse of faith' from $1 to $0.9.
On January 10, USUAL suddenly announced a modification of the USD0++ redemption rules, cutting the floor price from $1 to $0.87, causing users to explode with anger. They originally thought they were buying a 'stable as an old dog' stablecoin, but overnight it turned into a 'discount coupon'. The price of USD0++ in the Curve pool plummeted directly to $0.9, leading to mass liquidations among leveraged players, the scene comparable to the glass bridge in 'Squid Game'.
2. Token economy: 50% annualized yield? It's all a bubble!
The project claims that USD0++ has an annualized yield of 50%, but users find out: The profits are all in USUAL tokens (which have plummeted), and what they actually receive might not even buy instant noodles. Even more outrageous, the underlying RWA interest is intercepted by the project, leaving users with only soup while the team feasts.
3. Market sentiment: Retail investors' 'PTSD' collectively flares up.
After experiencing the Luna crash, veteran retail investors see this script: 'Another stablecoin + high yield + complex model? Run!' As a result, USUAL's price has halved from its peak and is now struggling around $1 (institutions: I'm here to bottom fish! Retail investors: Are you digging my grave?).
Third, why is the price so low? Because the project side is 'self-sabotaging'!
- Inhuman design: Locking for four years to redeem? Users are not your father, why should they play your 'blockchain time deposit'?
- Trust goes to zero: Changing rules on a whim with no warning, faster than a girlfriend's mood swing.
- Market environment: Facing the cryptocurrency crash in early 2025 (Bitcoin dropping below $100,000, ETH falling sharply), USUAL, this 'shanzhai speculative coin', is naturally the first to suffer.
- Team's shady operations: To blow up leveraged players, they changed the rules 'killing eight hundred and injuring a thousand', resulting in users collectively running away, and TVL (total locked value) collapsed.
Fourth, future outlook: Party on the grave or survival in the dire straits?
1. Short-term: Keep 'playing dead'.
Want the price to return to $1? You need to resolve the trust crisis first. But users are already deeply hurt, unless the project side buys back (the likelihood is about the same as winning the lottery).
2. Long-term: Might 'rise from the dead'.
If the team can secure RWA yields (annualized 4% government bond interest) and push USD0 onto exchanges as collateral, they might ride the 'payment chain' concept (mirage 2.0). But the premise is not to self-sabotage by changing the rules.
3. Magical predictions:
Some analysts claim USUAL could rise to $2 or even $10 (wake up, how much have they been drinking?), but the reality is more likely to be – it either goes to zero or becomes a 'classic case study of failure' in the crypto world.
Fifth, a survival guide for retail investors (a bloody summary).
1. Beware of 'high yield + complex model' projects: The higher the yield, the sharper the scythe.
2. Understand token economics before you get in: Lock-ups, issuance increases, distribution rules, all are traps!
3. Team background ≠ reliability: Lawmaker support? They might just be there to collect an appearance fee.
4. Always leave a hand: Don't go All in, or there won't even be a place to cry when you get liquidated.
Last piece of advice:
In the crypto world, you think you're the hunter, but 99% of the time you're the prey. USUAL's recent actions are textbook 'cutting retail investors', and it should be included in the first chapter of the 'Blockchain Scam Prevention Guide'.
(End)