USUAL

#787

Usual

Stablecoins · U.S. Dollar Stablecoin+1

USUAL#787

Mcap$19.45M

$0.009854.27%

· Series A

Overview Monitoring Markets News More

Spot Volume (24H)

$3.31M+36.93%

Marketcap

$19.45M

FDV

$19.68M

Mindshare

Very Low

Circ. Supply

2.0B

Max Supply

3.0B

Mcap/FDV

98.84%

Total Supply

2.0B

Sector Ranking

#71

Futures Volume

$68.31M

Open Interest

$3.19M

Funding Rate

-0.0030%

Volatility (30D)

66.13%

Usual is a decentralized protocol that issues fiat-backed stablecoins. The platform provides a more transparent and secure alternative to traditional bank-backed stablecoins. Usual employs blockchain technology to offer financial services including a stablecoin (USD0) and an enhanced yield product (USD0++). These products integrate real-world assets like US Treasury Bills to ensure stability and liquidity, with a focus on transparency and user ownership.

Sector

Stablecoins

Sector Rank

#71

Sub-Sector

U.S. Dollar Stablecoin

Sub-Sector Rank

#49, #34

Contracts

API ID

Analytics

Resources

Social

Content

Governance

Block Explorer

Hugo Sallé de Chou

Co-Founder and COO

1Y Price Performance -67.47%

All Time High

$1.55-99.36%

Dec 20, 2024

Cycle Low

$0.00759+30.72%

Jul 29, 2026

First Trade

Nov 15, 2024 on

XT.com

USUAL Chart

All Charts

$0.00985

28.32% Past Month

Price

$0.0098528.32%

Fees

NEW

$197.65K43.65%

Mindshare

0.00019%81.66%

USUAL

More Charts

Spot Volume (24H)

$3.31M+36.93%

Marketcap

$19.45M

Mindshare

Very Low

All News

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Last Updated: Oct-30-2026 9:28 UTC

Usual Project Update

Get Caught Up

Usual V2 Launch and Unified Account. Usual V2 went live, introducing a new application and a unified account that consolidates currencies, savings, and investments into a single interface, with stated plans to build a full bank on top of it 1. A central feature is DeFi onramping and offramping, which allows users to move between a bank account and EUR0 directly without needing an intermediate exchange 1. This matters because it positions Usual's stablecoin products closer to everyday banking utility rather than purely on-chain trading use.

Governance Consolidation Around USUAL. A series of governance proposals reshaped the protocol's structure, most notably UIP-13, which simplifies the token structure by consolidating value and governance into a single token, USUAL, and ending the transitional role of the parallel instrument USUAL* 2. UIP-15 finalized the governance structure, established DAO-owned intellectual property, and separated governance from execution 3. These changes aim to reduce governance complexity and improve auditability as the protocol matures 2.

Collateral Expansion Proposals. Governance activity also focused on broadening the collateral base for USD0, with UIP-14 proposing USTBL as USD0 collateral and UIP-16 proposing the addition of U0R as USD0 collateral 3 4. Expanding accepted collateral types is relevant because it can deepen USD0's backing diversity and liquidity, though each addition carries its own risk considerations.

Biggest Stories of 2025

Usual: Setting the Path — A blog post outlining the protocol's evolution toward a simpler, more decentralized structure, including the formal transfer of infrastructure developed by the Labs to DAO ownership in early 2026 and the sunsetting of USUAL STAR rights 5. This set the framework for the governance consolidation that followed. (December 16, 2025)
UIP-14: USTBL as USD0 Collateral — A governance proposal published to add USTBL as collateral for USD0, part of a broader effort to diversify the assets backing the stablecoin 4. (December 18, 2025)
UIP-13: A Clearer Structure for USUAL — A governance proposal to simplify the token structure by making USUAL the sole liquid token and long-term anchor, with a defined non-inflationary conversion path for USUAL* and governance rights time-bound until June 2028 2. This reduced governance complexity and established a clearer value reference. (December 17, 2025)
Introducing USD0a: Enhanced Yield on Usual — Usual introduced USD0a, an enhanced yield product for USD0, expanding the protocol's yield offerings alongside its existing USD0++ product 6. (December 2, 2025)