Usual
On-chain AUM$550.77m
Platform totals
Live assets1
Chains4
DeFi TVL$23.24m
DeFi TVL / AUM4.22%
Confirmed attestations0 / 1
Primary accessPermissionless (1)
Totals for filtered assets
1
$550.77m
$550.77m
$23.24m
1
About Usual
Usual offers a stablecoin backed by real-world assets and Treasury securities, combining yield generation with price stability. It enables institutional-grade stable settlement with underlying RWA collateral.
Profile
- Founded
- 2022
- Headquarters
- Paris, France
- Primary chain
- Ethereum
- Parent platform
- Usual
- Issuer
- Association de Développement de la DAO Usual (ADDU)
Economics & revenue
Mint fee0 bps
Redemption fee0 bps
Float incomeYes
Revenue confidenceIssuer-Disclosed
Fees last verified2026-07-09
Attestations & milestones
- 2026-01Usual Credit fixed rate lending launched and DAO approved acquiring the Fira lending protocol
- 2025-12USD0 plus plus restructured into bUSD0 and rt-bUSD0 with full DAO convergence to community ownership
- 2025-10EUR0 euro stablecoin launched
- 2025-01USD0 plus plus redemption floor change triggered a depeg below 90 cents
- 2024-1210M Series A led by Binance Labs and Kraken Ventures
Revenue methodology & documents
Mint fee zero and redemption fee governance configurable, currently zero per the fact sheet. T-bill collateral yield is protocol revenue with 30 percent distributed weekly to locked USUAL holders and 70 percent to the DAO treasury since January 2025.
Issuer registry, regulation & leadership
Founders and leadership
Pierre Person — Co-Founder, CEO Hugo Salle de Chou — Co-Founder, COO Adli Takkal Bataille — Co-Founder
Regulatory status
USD0 is issued by the Usual DAO rather than a licensed e-money institution and no MiCA authorization or AMF PSAN registration is verifiable. Terms are provided by ADDU, a French association, and prohibit US users. Regulatory posture rests on the collateral layer through regulated tokenizers including Hashnote USYC, Spiko, and M0 with custody at BNY Mellon and CACEIS.
Entity structure
Up Only Co, a French SAS in Paris known as Usual Labs, develops the protocol while ADDU, a French association, provides interfaces and DAO organization. USD0 is issued onchain by the Usual DAO which since December 2025 holds all protocol assets. USUAL tokens confer no equity in either French entity.