USUAL is the native token of the Usual protocol, which is centered around the operation of real-world assets (RWA) + stablecoin (USD0/USD0++ ) ecosystem:

Stablecoin Foundation: USD0 is pegged to the US dollar and backed by excessive collateral such as US Treasury bonds, providing stability supported by physical assets; USD0++ is the liquid staking token of USD0, where users can stake USD0 to 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 the governance token USUALx, participating in decisions related to protocol upgrades, treasury management, etc., while having a deflationary mechanism (buybacks reduce circulation), theoretically benefiting long-term value.

2. Price Predictions and Volatility Trends

Different platforms/analyses have differing views on USUAL's future price, but they reflect market expectation logic:

Short-term (2025): Some predictions suggest that the price range for USUAL will be between $0.125 - $0.591, averaging around $0.334. If the ecosystem stabilizes and controversies over the redemption mechanism subside, there may be a rebound driven by stablecoin demand; however, the USD0++ depegging event at the beginning of the year caused USUAL to drop by 18.7%, and short-term sentiment still has an impact.

Mid to Long-term (2026 - 2028): The expected volatility range for 2026 is $0.144 - $0.347. In 2027, due to market sentiment and other factors, a pessimistic outlook is possible (minimum $0.105), but there is an upward trend again in 2028 (average $0.198). Behind these predictions is a wait-and-see approach regarding whether its "RWA + DeFi" model can continue to take root and whether the revenue model is stable.

3. Opportunities and Risks Coexist

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

Room for Protocol Improvement: After the depegging event, the team adjusted the redemption mechanism, added a treasury (such as the sUSDe treasury), and plans to develop Layer 2. If these can be implemented, it could restore market confidence and expand application scenarios.

Core Risk: Difficulty in Restoring Market Trust: The "default" controversy arising from the USD0++ depegging exposed the contradiction between DeFi governance efficiency and user expectations. If community communication and transparency do not keep up, it may continue to impact 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 the compliance of US Treasury bond investments, regulatory attitudes of various countries). If policies tighten, the ecosystem may come under pressure.