OKX Ventures invests in USUAL, a cutting-edge decentralized stablecoin backed by real-world assets.
The investment arm of the well-known cryptocurrency exchange OKX, OKX Ventures, has officially announced its investment in Usual Protocol, a decentralized stablecoin issuer that aims to change the financial landscape.
The goal of OKX Ventures, a fund with an initial investment of $100 million, is to identify blockchain startups with significant potential. Its investment portfolio includes a variety of projects in blockchain infrastructure, Layer 2 scaling solutions and DeFi breakthroughs, including Sei Network, Arbitrum, SSV, LayerZero and zkSync.
By leveraging decentralized governance and incorporating real-world assets such as US Treasury Bills (T-Bills), Usual Protocol (USUAL) stands out for its creative approach to issuing stablecoins. Because of the support of the U.S. government, U.S. Treasury bonds, which are short-term debt securities issued by the government, are considered one of the safest investments in the world. The security and reliability of USUAL’s stablecoin are enhanced with the addition of these secure real-world assets.
OKX Ventures fuels the growth of decentralized finance infrastructure by funding USUAL. Unlike more conventional stablecoin models such as USDT and USDC, the project’s unique approach promotes the redistribution of wealth by sharing the revenue from stablecoin issuance with users. This gives users a sense of ownership and gives them the authority to…
