What is the current price of Usual?
The current price of Usual is $0.01070 with a 2.27% change in the last 24 hours.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Usual is a decentralized stablecoin issuer on Ethereum that turns tokenized short term US Treasury exposure into onchain dollars and euros, then redistributes the yield those reserves earn to the people who use and govern the protocol. Its flagship product is USD0, a fully collateralized stablecoin backed by tokenized Treasury bills and repurchase agreements rather than by bank deposits.
USUAL is the protocol's governance and revenue token. Where a typical stablecoin issuer keeps the interest earned on reserves, Usual is designed so that value flows back to token holders through a weekly revenue distribution.
Official sources:
Usual Labs was founded in France in 2022 by Pierre Person, Adli Takkal Bataille, and Hugo Sallé de Chou. Person, the chief executive, previously served in the French National Assembly, which shaped the project's regulation aware framing of stablecoin reserves.
A $7 million seed round led by IOSG Ventures and Kraken Ventures closed in April 2024, USD0 launched that May, and a fixed term deposit product followed in July. The USUAL token generated in November 2024 alongside a Binance Launchpool distribution, and a $10 million Series A led by Binance Labs and Kraken Ventures closed that December. January 2025 brought activation of the revenue switch, and in the same month a change to the exit terms on the bond style product triggered a widely discussed repricing and sharp criticism. Later releases include ETH0 in May 2025, EUR0 in October 2025, and the savings products sUSD0 and sEUR0 plus the USD0a strategy in November 2025.
Usual is best understood as two stacked layers.
The first is the Usual Collateral Bridge Infrastructure, which handles collateral onboarding, minting, redemption, and reserve management. Permissioned institutional participants deposit eligible tokenized real world assets directly and receive USD0 one for one. Retail and DeFi users mint indirectly, depositing USDC into a swapper contract while a collateral provider supplies the underlying tokenized security on their behalf. Redemption works in reverse, returning collateral at par.
The second layer is the product suite built on those dollars. USD0 can be held flat, deposited into savings tokens, bonded to a fixed maturity, or routed into strategy products, and each choice decides how the underlying yield and the protocol's USUAL emissions are allocated. Collateral standards published in the documentation are conservative: full collateralization without leverage, portfolio duration below 0.33 years, redemption within five days, and no tolerance for foreign exchange or credit risk. Primary backing has come from Hashnote's USYC, M0's M token, and Spiko's USTBL.
USUAL carries a hard cap of 3 billion tokens, reduced from 4 billion by governance proposal UIP-11 in November 2025, which also cut daily emissions by roughly half in what the DAO called a disinflation era. Emissions are scheduled to conclude in June 2028, split across buckets covering bonded tokens, liquidity provision, USUALx staking, a locking program, and the foundation.
Holders use USUAL to:
In December 2025, proposal UIP-15 moved the protocol toward full DAO ownership of protocol assets, and Usual Credit went live in January 2026.
Three things separate Usual from most stablecoin projects. It gives the economics of the float to token holders instead of to a private issuer, where traditional issuers keep the interest their reserves earn. It separates the dollar from the yield, so USD0 stays a plain redeemable stablecoin while yield lives in distinct wrappers such as savings tokens and bonds, and a user who only wants a dollar does not automatically take duration or lockup risk. And it ships a euro product alongside the dollar, which is unusual in a market where nearly all tokenized reserve products are dollar denominated.
Compared with fiat backed issuers, Usual holds tokenized Treasury instruments that can be verified onchain rather than bank deposits disclosed in periodic attestations, and it publishes redemption contracts anyone can call.
Compared with synthetic dollar protocols that earn yield from derivatives funding, Usual's return comes from short duration government paper: less exposure to perpetual funding cycles, more exposure to rate policy and to the legal structure of the tokenized fund. And compared with crypto collateralized stablecoins, there is no volatile collateral and no liquidation auction, but counterparty and issuer risk replace liquidation risk.
Security rests on several layers. The contracts governing minting, redemption, and distribution are published and audited, with addresses documented publicly. Collateral quality is enforced by explicit standards on duration, liquidity, and asset type. An insurance fund sized between roughly 0.33 percent and 5.33 percent of USD0 supply can burn tokens to restore per unit backing under stress, and governance controls which collateral is eligible. The weakest link is structural rather than cryptographic: the safety of USD0 ultimately depends on the tokenized funds behind it and on the institutions that operate them.
Usual is one of the clearest attempts to answer a simple question: if a stablecoin's reserves earn interest, who should receive it? By routing that revenue to a DAO and publishing the collateral onchain, it turned reserve economics into a governance question rather than a private one.
USUAL trades on centralized exchanges and on Ethereum decentralized exchanges. It is deployed as an ERC-20 on Ethereum, with bridged representations on BNB Chain and Base. Availability and trading pairs vary by jurisdiction, so confirm the network before moving funds.
USUAL has commonly been available on:
Pairs are typically quoted against USDT and USDC where supported.
After purchase, USUAL can be held on an exchange, which is custodial, in any Ethereum compatible non custodial wallet, behind a hardware wallet paired with a compatible interface, or staked as USUALx through the official app for emissions and revenue share. Always verify the token contract address before adding it manually, since tickers are easy to imitate.
You can compare USUAL with related assets on Coinrithm:
Track Usual live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Usual on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Usual with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Usual with real money.
Read the complete paper trading guideThe current price of Usual is $0.01070 with a 2.27% change in the last 24 hours.
The daily trading volume is $237,937 representing a 22.72% change in the past 24 hours.
The market capitalization of Usual is $21,128,088, ranking #519 globally.
The fully diluted valuation (FDV) of Usual is $32,094,573, calculated assuming the maximum supply of 3,000,000,000 USUAL is in circulation.
Circulating: 1,974,921,600. Total: 1,981,251,553. Max: 3,000,000,000.
In the last 24 hours, Usual traded between a low of $0.01025 and a high of $0.01082.
USUAL/USDTTether USDT0.01070 USDT
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