Strategic Investment in Usual Labs’ USD0 Stablecoin
4 minutes
Empowering DeFi with USD0
Usual Labs has been making waves in the crypto industry by introducing USD0, a decentralized stablecoin backed by Real World Assets (RWA). Unlike traditional fiat-backed stablecoins, USD0 integrates RWAs with decentralized finance (DeFi) liquidity, offering a scalable, secure and transparent alternative to existing stablecoin solutions.
Key Features of USD0
- Real World Asset Integration: Usual is a stablecoin infrastructure that aggregates tokenized Real-World Assets (RWAs) from major entities like BlackRock, Ondo, Mountain Protocol, M0, and Hashnote, enabling a permissionless, on-chain verifiable, and composable stablecoin (USD0).
- Decentralization and Community Ownership: Usual’s financial infrastructure is designed to empower users and third parties with ownership, envisioning a model where stakeholders share in company ownership and associated revenues.
Strategic Alignment with Gravity Team’s Vision
Gravity Team’s investment in Usual Labs aligns with its commitment to:
- Fostering Innovation: Supporting innovative technologies that enhance the crypto landscape.
- Enhancing Market Liquidity: Leveraging USD0’s unique features to provide more robust liquidity solutions.
- Promoting Decentralization: Encouraging systems that empower users and distribute governance.
- Innovating Financial Solutions: Combining Gravity Team’s expertise in algorithmic trading with Usual Labs’ innovative approach to stablecoins opens avenues for creating advanced financial products.
Executive Perspectives
Martins Benkitis, CEO & Co-founder of Gravity Team, commented:
“Our investment in Usual Labs represents a significant step toward fostering a more transparent and equitable financial ecosystem. USD0’s unique approach to integrating real-world assets with DeFi liquidity resonates with our mission to enhance market efficiency and liquidity. We’re excited to collaborate with the talented team at Usual Labs to drive innovation in the stablecoin space.”
Pierre Person, CEO of Usual Labs, added:
“Usual is proud to welcome Gravity Team as an investor. Their commitment to fair value aligns seamlessly with our vision, and with their support, we’re poised to expand USD0’s reach and utility, building one of the top stablecoin protocols. Together, we’re bridging traditional finance with decentralized opportunities, creating a solid foundation for the next generation of DeFi innovations.”
About Usual Labs
Usual Labs is a pioneering company focused on creating a more equitable and transparent financial ecosystem through decentralized technologies. By issuing USD0, a stablecoin backed by real-world assets, Usual Labs aims to integrate traditional finance with DeFi liquidity. The company emphasizes community ownership, allowing users to own the infrastructure and participate actively in governance.
- Founded: 2022
- Founders: Pierre Person, Adli Takkal Bataille, Hugo Sallé de Chou
- Funding: Raised $7 million in strategic funding and secured $75 million in Total Value Locked (TVL) during its private launch phase.
Looking Ahead
This strategic investment marks the beginning of a collaborative effort to push the boundaries of what’s possible in the crypto and RWA stablecoin space. Gravity Team and Usual Labs are committed to working together to develop innovative solutions that benefit users and contribute to the growth and maturation of the crypto ecosystem.
Disclaimer: This press release is for informational purposes only and does not constitute investment advice.
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