OKX Ventures invests in USUAL, a decentralized stablecoin issuer, aiming to transform the stablecoin space through RWAs and DeFi integration.
OKX Ventures, the investment arm of the global cryptocurrency exchange OKX, has made an investment in USUAL, a decentralized stablecoin issuer. This marks OKX Ventures’ backing of projects that tie traditional finance to decentralized finance (DeFi) and push for true decentralization.
Today, USUAL is introducing a new way to issue stablecoins and it leverages Real World Assets (RWAs) such as U.S. Treasury Bills (T-Bills). This is aimed to be a new model for stablecoin based on the redistribution and liquidity of stablecoin value. The platform has a decentralized governance structure where users can be involved in running the protocol and share in its success. USD0 is USUAL’s flagship product, a fully backed, decentralized stablecoin. It is managed in a permissionless, decentralized manner using tokenized RWAs.
$USUAL token is both ownership and governance token of the USUAL protocol. Users can not only ‘share the wealth’ in terms of the success of the platform. But they are also given a voice in how the platform is governed and developed in the future.
USUAL Strengthens DeFi Ecosystem with Stablecoin and RWAs Integration
The investment by OKX Ventures demonstrates that USUAL holds promise in reimagining the stablecoin space. With such an opportunity, Dora, the founder of OKX Ventures, said the introduction of RWAs into DeFi can reshape the face of the financial market. USUAL holds a strong position of infrastructure to drive long-term value and growth in the global DeFi ecosystem, he added.
With partners like Hashnote and BlackRock, USUAL can integrate RWAs into its decentralized system, and increase the stability of its USD0 stablecoin. Yield strategies are further optimized and liquidity via collaborations with leading DeFi platforms such as Curve and Morpho. On the other hand, OKX Ventures invested $5 million in TON Ventures. This fund was aimed at supporting growth inside The Open Network’s blockchain ecosystem.
The model of USUAL allows users to gain access to a decentralized, secure and a low risk environment of traditional financial assets. This also creates a more inclusive and resilient financial system. Integrating traditional finance into DeFi strengthens the platform ecosystem. Moreover, this will provide users with additional routes for growth as well as financial security.
