USD0

#120

Usual USD

Usual USD

Stablecoins · Fiat-backed Stablecoin+1
USD0#120
Mcap$541M
$1.0000.05%
Low Volume
Low Volume

USD0 Metrics

Spot Volume (24H)

$11,847-86.61%

Marketcap

$541M

FDV

$541M

Mindshare

Very Low

Circ. Supply

541.9M

Max Supply

-

Mcap/FDV

100%

Total Supply

541.9M

Sector Ranking

#20

About & Links

USD0 Performance

1Y Price Performance +0.02%
All Time High
$1.04-4.10%
Apr 26, 2025
Cycle Low
$0.977+2.34%
May 30, 2025
First Trade
Jun 26, 2024 onCurve V1

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USD0 Chart
All Charts
$1.000
0.05% Past Month
Price
$1.0000.05%
Mindshare
-
More Charts

USD0 Metrics

Spot Volume (24H)

$11,847-86.61%

Marketcap

$541M

Mindshare

Very Low

Circ Supply

541.9M

FDV

$541M

Max Supply

-

Mcap/FDV

100%

Total Supply

541.9M

USD0 Performance

1Y Price Performance +0.02%
All Time High
$1.04-4.10%
Apr 26, 2025
Cycle Low
$0.977+2.34%
May 30, 2025
First Trade
Jun 26, 2024 onCurve V1

Usual USD News & Insights

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Last Updated: Oct-29-2026 9:43 UTC

Usual USD (USUAL) Project Update

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Usual V2 Launch and Unified Account Usual V2 went live on June 18, 2026, introducing a new application and a unified account that combines currencies, savings, and investments, with a stated foundation for building a full bank on top of the platform 123. This matters because it marks the protocol's shift from a stablecoin-focused product toward a broader financial interface, consolidating multiple functions into a single user experience 4. The launch builds on earlier infrastructure work, including a March 3, 2026 update that enabled direct conversion from a bank account to EUR0 without intermediate exchanges 56.
Governance Consolidation Under USUAL A series of governance proposals (UIP-13 through UIP-16) reshaped the protocol's structure through late 2025 and early 2026 17. UIP-13 simplified the token structure by consolidating value and governance into a single token, USUAL, and ending the transitional role of the parallel instrument USUAL* 8. UIP-15 finalized governance structure, established DAO-owned intellectual property, and separated governance from execution 52. These changes matter because they reduce governance complexity and establish USUAL as the single vector for economic and governance rights 98.
Usual Zero Rate (UZR) and USD0 Credit Infrastructure On January 14, 2026, Usual introduced "Usual Zero Rate" (UZR), described as a native credit primitive for its stablecoin USD0, enabling zero-rate borrowing and protocol-owned credit via Fira 1011. This matters because it aims to transform parked USD0 balances into productive financial infrastructure rather than idle holdings 1211. The initiative followed the opening of the USUALx unlock window on January 26, 2026, which allowed existing lockers to exit following reward model changes under UIP-11 1210.

Biggest Stories of 2025

  • Usual V2 launch (June 18, 2026): Usual V2 went live with a new app and a unified account for currencies, savings, and investments, positioning the protocol to build a full bank on top 12. (June 18, 2026)
  • Direct bank-to-EUR0 onramping (March 3, 2026): Usual announced a more seamless path to stablecoins, enabling users to go from bank accounts to EUR0 without juggling multiple intermediaries 15. (March 3, 2026)
  • USUALx unlock window opens (January 26, 2026): The optional unlock window opened for existing lockers following changes to the reward model under UIP-11 1210. (January 26, 2026)
  • Usual Zero Rate (UZR) introduced (January 14, 2026): UZR launched as a native credit primitive for USD0, enabling zero-rate borrowing and protocol-owned credit via Fira 1011. (January 14, 2026)
  • UIP-16: Adding U0R as USD0 collateral (January 6, 2026): A governance proposal to add U0R as collateral for USD0, expanding the collateral base of the stablecoin 125. (January 6, 2026)
  • UIP-15: Settle, Clarify, Transfer (December 23, 2025): This proposal settled 2024–2025 obligations, established DAO-owned IP, mandated DAO-driven development, and separated governance from execution 52. (December 23, 2025)
  • UIP-14: USTBL as USD0 collateral (December 18, 2025): A governance proposal to accept USTBL as collateral for the USD0 stablecoin 1314. (December 18, 2025)
  • UIP-13: A Clearer Structure for USUAL (December 17, 2025): This proposal consolidated value and governance into a single token, USUAL, and ended the transitional role of USUAL*, with USUAL governance rights time-bound until June 2028 8. (December 17, 2025)
  • "Usual: Setting the Path" (December 16, 2025): An article detailing the protocol's evolution toward a simpler, more decentralized structure, with infrastructure developed by the Labs transferring to DAO ownership in early 2026 912. (December 16, 2025)
  • UIP-12: Introducing bUSD0 and rt-bUSD0 (December 10, 2025): A governance proposal introducing bUSD0 and rt-bUSD0 as new stablecoin or yield-bearing token primitives related to the core USD0 offering 1516. (December 10, 2025)
  • Ending the USD0/++ Liquidity Transition (December 9, 2025): An announcement marking the conclusion of the transition concerning the liquidity of USD0 and its associated token, USD0++ 1711. (December 9, 2025)
  • Introducing USD0a: Enhanced Yield (December 2, 2025): Usual introduced USD0a, offering enhanced yield on the Usual stablecoin product 1518. (December 2, 2025)
  • Disinflation: Resetting the Pace for Long-Term Stability (November 21, 2025): An announcement addressing a shift in the protocol's reward or issuance schedule to favor long-term stability 1920. (November 21, 2025)
  • Usual Savings and the Next Step for Digital Money (November 4, 2025): A blog post highlighting developments around the digital money ecosystem, focusing on stablecoin offerings like USD0 610. (November 4, 2025)
  • Upcoming Usual Community Proposals (November 1, 2025): A blog post highlighting major product and governance updates, including the governance model with over 10,000 stakers who can propose and influence decisions 1. (November 1, 2025)
  • Governance Update: Proposals in Focus (October 20, 2025): A governance-focused update covering proposals and the protocol's trajectory toward a unified financial platform 4. (October 20, 2025)
  • Road to USUAL v2 — Q4 2025 (October 16, 2025): This article detailed USUAL's strategic consolidation phase, clarifying the USD suite into three pillars: productive USD0, delta-neutral yielding USD0a, and an upgraded bUSD0 bond with flexible exits 21. It also covered the launch of EUR0, a euro stablecoin collateralized by Eurozone T-Bills, and the activation of EUR↔USD FX rails 21. (October 16, 2025)
  • A new dawn for USD0++: Road to parity (January 23, 2025): An announcement regarding the path to parity for USD0++, the protocol's staked stablecoin instrument 22. (January 23, 2025)
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Usual USD FAQs

What is Usual USD?

Usual USD is a stablecoin protocol built to provide a decentralized and transparent alternative to traditional fiat-backed stablecoins. At its core, Usual USD aims to decentralize financial power by offering a stablecoin called USD0, which is fully backed 1:1 by Real-World Assets like US Treasury Bills. This ensures it remains stable and secure against traditional banking systems, making it fully transferable and accessible within the decentralized finance (DeFi) ecosystem.

The Usual USD protocol includes a governance token known as USUAL, which plays a crucial role in protocol governance and user incentives. By holding USUAL tokens, users not only earn yield but also gain governance rights, aligning them with the protocol’s success. The protocol’s model is redistributive, meaning it shares risks and rewards equitably among participants, challenging the traditional economic models where profits are often retained by centralized entities.

Additionally, Usual USD integrates sophisticated security features, such as automated parity mechanisms to maintain the stablecoin's peg and emergency withdrawal options to ensure investor security. These mechanisms, along with its transparent real-time reserves, make Usual USD a robust and innovative solution in the crypto stablecoin space.

What is the history of Usual USD?

The Usual USD project is a decentralized and fiat-backed stablecoin issuer focused on the Usual protocol. Key points in the history of Usual USD include:

  • Founding Date: Specific details about the exact founding date are not explicitly detailed in the available resources. However, notable activities around the project can be traced back to the year 2024.
  • Founders: The company was co-founded by Pierre Person and Adli Takkal Bataille under the name "Usual Labs." Pierre serves as the CEO, while Adli serves as the DEO.
  • Project Objective: Usual USD, known as USD0, aims to provide a stable and secure asset that is independent of traditional banking systems. It is fully backed 1:1 by real-world assets like US Treasury Bills.

This information outlines the foundational aspects of the Usual USD project, focusing on the leadership and initial objectives that are essential for understanding its history.

Can I stake Usual USD to earn rewards?

No, you cannot stake any tokens in the Usual USD project.

Has Usual USD experienced any hacks, exploits or outages?

The Usual USD project has not experienced any notable hacks or exploits directly affecting its native protocol based on the available information. The incidents reported involved related projects or similar assets but did not specifically impact Usual USD directly in terms of losing significant funds or operational impact.

Is Usual USD safe? How is it secured?

The Usual USD project has implemented several security measures to protect its decentralized stablecoin protocol and its assets. Here are key aspects of its security strategy:

  1. Multi-Layered Security Strategy:

    • Secure Development Practices: Adheres to industry-standard secure coding practices with regular codebase reviews.
    • Smart Contract Security Audits: Conducts periodic reviews by multiple security auditors and has a bug bounty program.
    • Access Control: Implements robust mechanisms to ensure only authorized access to sensitive functions.
    • Continuous Monitoring: Utilizes advanced tools to detect unusual activities or threats in real-time.
  2. Unique Security Features:

    • Largest Bug Bounty: Usual launched a bug bounty program with a $16 million reward for critical vulnerabilities, emphasizing their commitment to security [source].
    • Treasury Backing: The USD0 stablecoin is backed by U.S. Treasury assets, adding an additional layer of financial security.
  3. Vulnerabilities and Challenges:

    • Vulnerability Management: While Usual has undergone 20 audits without significant vulnerabilities found, the industry faces ongoing risks, as shown by past high-profile crypto hacks [source].
    • Importance of Proactive Measures: The Usual bug bounty program and continuous audits are proactive measures against potential vulnerabilities.

These comprehensive efforts demonstrate Usual's commitment to maintaining a secure and resilient protocol amidst growing cybersecurity threats in the digital finance sector.

Has Usual USD been audited?

Based on available data, the Usual USD project has been audited multiple times. Below are the audits listed from the most recent to older ones:

  1. December 2024:

    • Auditor: Blackthorne
    • Scope: Audit of WrappedM
  2. November 2024:

    • Auditor: Cantina, Halborn, Sherlock
    • Scope: V1 contract upgrades and additions including USD0++, DAO Collateral, SwapperEngine
  3. October 2024:

    • Auditor: Paladin
    • Scope: L2 Token contracts, MintAndBurnAdapter
  4. June 2024:

    • Auditor: Cantina
    • Scope: Permissionless launch-related audits
  5. May 2024:

    • Auditor: Cantina
    • Scope: Permissioned and Permissionless launch smart contracts
  6. April 2024:

    • Conducted the second vCISO Program with Spearbit
  7. February-March 2024:

    • Audit Review: Conducted by Bailsec
  8. January-February 2024:

    • Security Audit: Smart contracts audit by Bailsec
  9. November-December 2023:

    • vCISO Program: Conducted with Spearbit

These audits ensure that the Usual USD smart contracts are consistently reviewed for security vulnerabilities and other potential risks (source: tech.usual.money).

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