Usual Secures $10 Million in Series A Funding Led by Binance Labs and Kraken Ventures

Usual, a decentralized fiat-backed real-world assets stablecoin issuer, has announced a successful $10 million Series A funding round led by Binance Labs and Kraken Ventures. The fundraising effort, which was revealed on December 23, also attracted participation from other prominent venture capital platforms, including Galaxy Digital, OKX Ventures, Wintermute, and Amber Group.

Strategic Partnerships and Growth

The funding milestone comes on the heels of a strategic alliance between Usual and Ethena Labs and Securitize, a tokenization platform for BlackRock’s BUIDL fund. This partnership aims to bring combined liquidity, yield, and composability to users in the expanding decentralized finance market.

Binance Labs and Usual Labs Collaboration

Binance Labs invested in Usual to help reshape the DeFi ecosystem through the project’s community-first approach. The shared rewards model aims to redefine stablecoins amid broader DeFi and RWA adoption.

“At Binance Labs, we seek out projects that drive meaningful innovation and expand the ecosystem, and we are excited to support Usual’s mission to push the boundaries of what stablecoins can achieve.”

– Alex Odagiu, Investment Director at Binance Labs

Key Investors and Partnerships

Binance Labs has backed several emerging projects in recent months, including Solana-based stablecoin infrastructure protocol Perena, multi-asset liquidity platform Astherus, and decentralized science research and investment platform BIO Protocol. Additionally, Binance Labs backed Bitcoin liquid staking project Lombard in November 2024.

Notably, crypto exchange Binance was the first platform to add support for USUAL in November. Usual Labs CEO Pierre Person stated that the project will look to expand its collaboration with Binance Labs.

Tips for investors looking to stay ahead in the DeFi space:

  • Stay informed about emerging projects and partnerships in the DeFi ecosystem.
  • Look for projects with community-first approaches and shared rewards models.
  • Keep an eye on major venture capital platforms and their investments in the DeFi space.

For more news and updates on the world of cryptocurrency and DeFi, visit Global Crypto News. Stay informed and stay ahead in the world of finance and investing.

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