Usual Protocol Launches USD0/USDC Pool on Fluid DeFi
On May 19, Usual protocol introduced its USD0/USDC liquidity pool on Fluid defi. This move lets liquidity providers earn from both lending and trading.
Fluid’s technology optimizes liquidity, making trades smoother and more efficient. This means better deals for users trading USD0 and USDC.
USD0 stands out becuase it’s backed by real-world assets like U.S. Treasury Bills. It offers more safety than other stablecoins like USDC and USDT. Users can check its backing anytime.
Usual Protocol’s CEO, Pierre Person, says traditional stablecoins lack transparency. Usual aims to change this by sharing profits with the community.
Usual also offers USD0++, a liquid staking token. Users can lock USD0 for up to four years and earn USUAL tokens. This token can be traded, combining staking and liquidity.
As of December 2024, Usual’s total value locked (TVL) hit $1.4 billion.USD0’s TVL is now $646 million, ranking it among the top stablecoins.
By launching this pool, Usual Protocol aims to enhance the DeFi ecosystem. It aims to bring more transparency and fairness to the crypto world.
