Update: $USUAL e Top Crypto Market News!
Recent Key Developments:
Usual’s Accelerated Growth: Usual has reached a market cap of $1.55 billion, recording a growth of 77.17% in the last 7 days and 256% in the last month.
Significant Capital Raise: The company has secured a $10 million Series A investment led by Binance Labs and Kraken Ventures, aiming to expand its operations and integrate Real World Assets (RWAs) into its platform.
Reserve Diversification: Usual has started to diversify its reserves by incorporating Ethena’s USDtb, which is backed by BlackRock’s BUIDL fund, strengthening its position in the stablecoin market.
Crypto News:
Ripple Launches New Stablecoin: Ripple recently launched RLUSD, a stablecoin fully backed by US dollar deposits, government bonds and cash equivalents, challenging market leaders such as Tether and $USDC .
PayPal's First Commercial Transaction with PYUSD: PayPal has completed its first commercial transaction using its stablecoin PYUSD, demonstrating the viability and promoting the use of stablecoins in business transactions.
Interact with Usual!
What do you think about Usual's rapid growth in the stablecoin market? How do you see large companies, such as $XRP and PayPal, entering the stablecoin space?
What strategies do you consider when investing in emerging stablecoins?