OKX Ventures invests in USUAL, an advanced decentralized stablecoin backed by real assets.

The investment section of a well-known cryptocurrency exchange OK xOKX Ventures, officially announced Announce Its investment in Usual Protocol, a decentralized source of stablecoin that seeks to change the financial landscape.

https://twitter.com/OKX_Ventures/status/1871408394000810268

goal OK x The Ventures Fund, a fund with an initial investment of $100 million, aims to identify blockchain startups with great potential. Its investment portfolio includes a wide range of projects in the areas of blockchain infrastructure, layer 2 scaling solutions, DeFi hacks, some of which are Sei Network, resolutionAnd SSV, LayerZero, and zkSync.

By leveraging decentralized governance and integrating real-world assets, such as US Treasuries (T-Bills), the USUAL protocol distinguishes itself with its innovative approach to issuing stablecoins. Because of the support of the US government, US Treasury bonds, which are short-term debt instruments issued by the government, are considered one of the safest investments in the world. The safety and reliability of the USUAL stablecoin has been improved by adding these real-world safe assets.

OKX Ventures is fueling the growth of decentralized financial infrastructure through USUAL funding. In contrast to traditional stablecoin models such as USDT and USDC, the project's unique approach encourages the redistribution of wealth by sharing profits generated from the issuance of stablecoins with users. This gives users a sense of ownership and gives them the power to shape the future of the protocol.

In contrast to traditional centralized stablecoins, USUAL distributes its profits to users, giving them a portion of the gains made from issuing the stablecoin. Expanding the protocol immediately benefits users in the more inclusive financial environment of this model.

The market cap of the USUAL token is $635 million, with a trading volume of $964 million in the last 24 hours. The bullish price behavior as of November 24, 2024 also demonstrates the tremendous market confidence in its creative approach to providing stablecoins and decentralized finance. At the time of writing, USUAL is trading at $1.34, representing a 31.4% increase in price from the previous day.

OKX Ventures' investment is a big step towards encouraging the development of decentralized stablecoins, and USUAL is expected to be crucial in changing the financial landscape. With this support, USUAL is in a strong position to lead the next phase of expansion in the global DeFi market.