Binance Labs, Kraken Ventures again $10m spherical for stablecoin issuer Usual

Binance Labs, Kraken Ventures again m spherical for stablecoin issuer Usual

Binance Labs and Kraken Ventures led the $10 million Sequence A funding spherical for Usual, a decentralized fiat-backed real-world belongings stablecoin issuer.

Usual, the RWA-backed stablecoin issuer that makes use of its USUAL token to distribute worth and possession, revealed the fundraising by way of X on Dec. 23. 

The protocol mentioned it had secured $10 million within the Sequence A spherical led by the Binance and Kraken enterprise capital arms Binance Labs and Kraken Ventures. Usual’s fundraiser additionally attracted the participation of different heavyweight VC platforms throughout the ecosystem, together with Galaxy Digital, OKX Ventures, Wintermute and Amber Group.

Usual hit this milestone on the again of one other main improvement.

On Dec. 18, the stablecoin issuer introduced it has solid a strategic alliance with Ethena Labs and Securitize, the tokenization platform for BlackRock’s BUIDL fund. The partnership targets the increasing decentralized finance market by bringing to customers the good thing about mixed liquidity, yield and composability.

Usual Labs and Binance Labs collaboration

Binance Labs mentioned in a weblog publish that it invested in Usual to assist reshape the DeFi ecosystem by way of Usual’s community-first strategy. The challenge, which has a shared rewards mannequin, goals to make use of the capital injection 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, funding director at Binance Labs, mentioned in a press release.

Binance Labs has in latest months backed a number of rising initiatives, together with Solana-based stablecoin infrastructure protocol Perena, multi-asset liquidity platform Astherus and decentralized science analysis and funding platform BIO Protocol.

It additionally backed Bitcoin liquid staking challenge Lombard in November 2024.

Notably, crypto trade Binance was the primary platform so as to add help for USUAL in November.

Usual Labs chief govt officer Pierre Individual mentioned the challenge will look to broaden its collaboration with Binance Labs. 

“In the months ahead, Binance Labs and Usual Labs will continue to collaborate to ensure that the stablecoin market remains at the forefront of innovation and becomes even more community-centric,” Individual added.

Supply hyperlink

bitcoin
Bitcoin (BTC) $ 97,023.00 0.87%
ethereum
Ethereum (ETH) $ 2,660.57 1.69%
xrp
XRP (XRP) $ 2.47 3.24%
tether
Tether (USDT) $ 1.00 0.03%
solana
Solana (SOL) $ 202.01 4.11%
bnb
BNB (BNB) $ 637.94 10.01%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.256757 3.67%
cardano
Cardano (ADA) $ 0.701326 1.06%
staked-ether
Lido Staked Ether (STETH) $ 2,657.39 1.76%
tron
TRON (TRX) $ 0.236204 1.87%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,926.97 0.87%
chainlink
Chainlink (LINK) $ 18.78 3.99%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,170.39 1.90%
avalanche-2
Avalanche (AVAX) $ 25.23 4.29%
stellar
Stellar (XLM) $ 0.328846 0.84%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 6.23%
sui
Sui (SUI) $ 3.11 4.52%
the-open-network
Toncoin (TON) $ 3.79 2.04%
hedera-hashgraph
Hedera (HBAR) $ 0.240271 5.40%
leo-token
LEO Token (LEO) $ 9.81 0.09%
usds
USDS (USDS) $ 1.00 0.12%
litecoin
Litecoin (LTC) $ 106.30 2.96%
hyperliquid
Hyperliquid (HYPE) $ 23.71 3.88%
bitget-token
Bitget Token (BGB) $ 6.43 1.53%
weth
WETH (WETH) $ 2,661.14 1.50%
polkadot
Polkadot (DOT) $ 4.79 5.30%
bitcoin-cash
Bitcoin Cash (BCH) $ 325.79 2.49%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
mantra-dao
MANTRA (OM) $ 5.99 1.32%
uniswap
Uniswap (UNI) $ 9.26 5.02%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,816.56 1.89%
ondo-finance
Ondo (ONDO) $ 1.34 1.92%
pepe
Pepe (PEPE) $ 0.00001 5.14%
near
NEAR Protocol (NEAR) $ 3.40 6.21%
monero
Monero (XMR) $ 216.09 1.52%
whitebit
WhiteBIT Coin (WBT) $ 27.27 0.25%
aave
Aave (AAVE) $ 246.78 4.99%
mantle
Mantle (MNT) $ 1.05 1.21%
dai
Dai (DAI) $ 1.00 0.02%
official-trump
Official Trump (TRUMP) $ 17.07 0.41%
internet-computer
Internet Computer (ICP) $ 7.09 4.92%
aptos
Aptos (APT) $ 5.91 4.75%
susds
sUSDS (SUSDS) $ 1.04 0.08%
ethereum-classic
Ethereum Classic (ETC) $ 20.38 2.56%
okb
OKB (OKB) $ 49.03 4.45%
bittensor
Bittensor (TAO) $ 358.49 7.59%
vechain
VeChain (VET) $ 0.033298 2.61%
gatechain-token
Gate (GT) $ 21.41 3.80%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.313107 4.37%
crypto-com-chain
Cronos (CRO) $ 0.095859 4.10%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 97,045.00 0.79%
algorand
Algorand (ALGO) $ 0.278644 3.60%
render-token
Render (RENDER) $ 4.37 7.44%
kaspa
Kaspa (KAS) $ 0.087522 0.74%
tokenize-xchange
Tokenize Xchange (TKX) $ 27.87 6.73%
jupiter-exchange-solana
Jupiter (JUP) $ 0.839315 5.04%
filecoin
Filecoin (FIL) $ 3.35 4.95%
cosmos
Cosmos Hub (ATOM) $ 4.75 8.48%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.772433 9.16%
arbitrum
Arbitrum (ARB) $ 0.458965 5.59%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 97,613.15 1.61%
first-digital-usd
First Digital USD (FDUSD) $ 0.99921 0.07%
fasttoken
Fasttoken (FTN) $ 3.93 0.18%
celestia
Celestia (TIA) $ 3.14 11.25%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,682.76 2.56%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 208.77 4.18%
ethena
Ethena (ENA) $ 0.503993 0.58%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,753.36 1.71%
solv-btc
Solv Protocol SolvBTC (SOLVBTC) $ 97,231.05 1.44%
kucoin-shares
KuCoin (KCS) $ 12.24 0.70%
immutable-x
Immutable (IMX) $ 0.839079 11.52%
raydium
Raydium (RAY) $ 5.02 2.16%
xdce-crowd-sale
XDC Network (XDC) $ 0.092937 3.51%
optimism
Optimism (OP) $ 1.08 5.60%
bonk
Bonk (BONK) $ 0.000018 6.93%
blockstack
Stacks (STX) $ 0.918106 6.70%
injective-protocol
Injective (INJ) $ 13.93 6.01%
lido-dao
Lido DAO (LDO) $ 1.52 0.49%
theta-token
Theta Network (THETA) $ 1.34 2.88%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,981.79 2.00%
nexo
NEXO (NEXO) $ 1.31 0.01%
the-graph
The Graph (GRT) $ 0.135641 6.55%
sonic-3
Sonic (prev. FTM) (S) $ 0.407723 5.67%
movement
Movement (MOVE) $ 0.548727 5.43%
flare-networks
Flare (FLR) $ 0.021771 1.87%
worldcoin-wld
Worldcoin (WLD) $ 1.27 3.84%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,809.83 1.63%
usual-usd
Usual USD (USD0) $ 0.997962 0.03%
dexe
DeXe (DEXE) $ 19.78 2.91%
jasmycoin
JasmyCoin (JASMY) $ 0.022783 5.21%
solv-protocol-solvbtc-bbn
Solv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 95,966.71 0.74%
sei-network
Sei (SEI) $ 0.230538 5.47%
msol
Marinade Staked SOL (MSOL) $ 255.31 4.24%
floki
FLOKI (FLOKI) $ 0.0001 13.02%
the-sandbox
The Sandbox (SAND) $ 0.392857 5.70%
gala
GALA (GALA) $ 0.022382 6.89%
tezos
Tezos (XTZ) $ 0.915003 8.76%
eos
EOS (EOS) $ 0.614582 5.01%
bittorrent
BitTorrent (BTT) $ 0.00000087444529 2.57%
Scroll to Top