Usual Raises $10 Million in Series A Funding Round Led By Kraken, Binance Labs

In a latest development, Usual has secured substantial funding of $10 million in its Series A round, led by Binance Labs and Kraken Ventures. Other backers included Galaxy Ventures, Guy from Ethena, Ondo, Coinbase Ventures, IOSG Ventures and OKX Ventures. Usual has distinguished itself in the competitive stablecoin market with its unique approach to digital currency. It has secured over $1.4 billion in total value locked, positioning itself among the top five stablecoins, and surpassing established players, including PayPal’s USD offering. By collaborating with projects like Ethena and Securitize (BlackRock’s BUIDL tokenizer), Usual is helping drive a new era of mature stablecoins, offering users more than just yield opportunities.