November 6, 2024
Usual, a real-world asset (RWA) stablecoin protocol, has successfully concluded a $1.5 million funding round focused on community participation. The financing was driven by notable backers, including The Echonomist, Breed Syndicate, and Comfy Capital, each contributing to a round that underscores growing interest in tokenized assets backed by tangible economic resources. The raise marks a pivotal step as Usual gears up for its upcoming Token Generation Event (TGE).
Usual’s platform aims to bridge the traditional finance gap by introducing stablecoins linked to real-world assets, providing stability and accessibility to users in volatile markets. By leveraging its community-driven model, Usual focuses on transparency and shared value among participants. This latest funding will support Usual’s expansion into RWA-backed financial products as it positions for the TGE, planned as a significant milestone for both its development and user engagement.
About Usual
Usual is an RWA-based stablecoin protocol focused on enhancing accessibility and stability in digital assets by tying them to real-world economic value. The protocol has introduced an approach to asset-backed stablecoins, aiming to serve traditional finance sectors and the digital economy. Its upcoming Token Generation Event will further solidify its goal to provide secure, asset-backed currency options for users worldwide.
Website: https://app.usual.money/
X: @usualmoney
About Investors
The Echonomist
The Echonomist is a venture firm focusing on blockchain projects and decentralized finance initiatives. With a commitment to supporting community-centered projects, The Echonomist invests in early-stage protocols aiming to redefine financial access.
Location: London, England
Website: https://echo.xyz/
Breed
Breed Syndicate supports blockchain innovations and specializes in funding projects with real-world asset integration and decentralized financial ecosystems.
Location: Miami and Boston, USA
Website: https://breed.vc/
Comfy Capital
Comfy Capital is a venture capital firm dedicated to advancing Web3 projects and DeFi protocols, focusing on teams with strong community-driven objectives and decentralized models.
Location: Delaware, USA
Website: https://comfy.capital/ A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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