PANews reported on November 9 that the RWA stablecoin protocol Usual announced the completion of a new round of financing of US$1.5 million. Comfy Capital, early crypto project investor echo, and Breed VC founder Jed Breed participated in the investment. The specific valuation data has not been disclosed yet.
Usual said that the project plans to launch a token generation event TGE to support its construction of a USD0 stablecoin backed by real-world assets. The protocol raised $7 million in a strategic round of financing in April this year. Investors at the time included IOSG Ventures, Kraken Ventures, etc. As of now, the total financing amount has reached $8.5 million.
