Usual Labs Unveils Public Pre-Launch Phase After Achieving $75M in TVL During Private Phase, According to Chainwire

Paris, France, July 10th, 2024

Usual Labs, the innovative company behind the Usual protocol, is excited to announce the start of its public pre-launch phase. This development follows a successful private launch, during which the company secured an impressive $75 million in Total Value Locked (TVL) from over 180 influential leaders and investors in the DeFi space in just one month.

The USUAL token offers a secure, transparent, and decentralized way to redistribute ownership and value. It functions as a Real World Assets (RWA) infrastructure, aggregating RWA and connecting it to DeFi liquidity, which enhances RWA composability and integration within decentralized finance. With safety, transparency, and verifiability at its core, USUAL also promises infinite scalability. As an alternative to traditional fiat-backed systems, USUAL emphasizes community ownership of the infrastructure.

The newly introduced USD0 stablecoin aims to disrupt industry leaders and position itself as a leading DeFi-native stablecoin, providing a secure, community-owned alternative to conventional financial systems.

The successful private launch, along with substantial commitments from web3 leaders such as Sam Kazemanian from Frax Finance, James Ross from Mode, and Michael Egorov from Curve, highlights the growing confidence in Usual’s transformative potential within the financial sector. This phase has validated Usual’s vision and established its role as a frontrunner in next-generation financial solutions.

Usual Labs is looking forward to its public launch in Q4 2024 and welcomes the broader community to engage in reshaping the future of finance. The public pre-launch phase, which will last four months, allows participants to join in and benefit from an airdrop planned for Q4 2024.

Pierre Person, CEO and Co-Founder of Usual Labs, expressed his excitement: "The surge in Real World Assets, especially on-chain US Treasuries, has shown the market’s demand. Usual creates an infrastructure that combines RWA liquidity while improving its integration with DeFi. Our goal is to transform Tether on-chain, driven by a commitment to decentralization and community value redistribution. We appreciate the overwhelming support from our investors and early partners and look forward to welcoming more users to experience our protocol."

As the public pre-launch progresses, Usual Labs is dedicated to maintaining open communication with its community and empowering users to play an active role in the future of finance. The team is committed to continuously enhancing the protocol based on user feedback, ensuring a seamless experience for all participants.

Adli Takkal Bataille, Design Executive Officer and Co-Founder, stated, "We are thrilled to invite the public to engage with the Usual protocol. Our mission is to foster a fair, transparent, and community-focused financial ecosystem. This phase takes us closer to that vision, and users who participate now will enjoy various rewards during this pre-launch period. Stay tuned for updates through our official channels."

About Usual Labs

Usual Labs is the force behind Usual, an innovative protocol bridging traditional and decentralized finance with the USD0 stablecoin. Founded in 2022 by Pierre Person, Adli Takkal Bataille, and Hugo Sallé de Chou, Usual Labs aims to create a more equitable and transparent financial ecosystem. Backed by industry leaders and with a substantial TVL, Usual is positioned to revolutionize the stablecoin market.

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