The native token of a decentralized fiat stablecoin-issuing platform is rallying in opposition to the dipping crypto markets.
Two days in the past, the world’s largest crypto change by buying and selling quantity, Binance, added support for Common Protocol (USUAL).
“Binance is happy to announce that Common (USUAL) will probably be added to Binance Easy Earn, Purchase Crypto, Binance Convert, Binance Margin, Binance Auto-Make investments, and Binance Futures on the respective dates and timings listed under.”
In accordance with a publish on the social media platform X from Common in response to the Binance itemizing, the group says the protocol aims to usher in a “stablecoin renaissance”.
“90% for the Group: Common is constructed to empower, with nearly all of tokens for customers.
No VC (enterprise capital)/Crew Dumps: Simply 10% allotted to insiders, cliffed for one 12 months.
100% Income for the DAO (decentralized autonomous group): Each $ of income belongs to USUAL holders”
In accordance with the Common Protocol’s website, USUAL acts as a governance token performing two main capabilities:
“1. Common is a multi-chain infrastructure that aggregates the rising tokenized Actual-World Property (RWAs) from entities like BlackRock, Ondo, Mountain Protocol, M0 or Hashnote to rework them right into a permissionless, on-chain verifiable, and composable stablecoin (USD0).
2. Common is constructed across the redistribution of energy and possession to customers & third events, akin to a state of affairs the place Tether’s TVL suppliers would personal the corporate and the related revenues.”
USUAL goes for $1.43 at time of writing, up 17% on the day. In the meantime, the full crypto market cap is down 6% over the identical interval.
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