USUAL Usual Rank #941

Usual is a multi-chain blockchain infrastructure project that focuses on bringing Real-World Assets (RWAs) into decentralized finance. Operating across ecosystems such as BNB Chain, Ethereum, and Base, the platform partners with established financial institutions and tokenization firms to convert traditional financial assets into on-chain representations. The project issues a stablecoin collateralized by these tokenized RWAs, positioning itself as a transparent, permissionless alternative to conventional fiat-backed stablecoins. The protocol's design emphasizes redistributing ownership and financial control to Total Value Locked (TVL) providers, rather than concentrating those benefits within a centralized issuer. By integrating tokenized real-world collateral directly into DeFi applications, Usual aims to combine the stability of traditional assets with the composability of on-chain finance. Usual is categorized within Decentralized Finance and the Real World Assets sector, and is recognized as a stablecoin issuer. It has drawn backing from notable participants in the digital asset space, including Coinbase Ventures, YZi Labs (formerly Binance Labs), and Galaxy Digital, reflecting institutional interest in its approach to bridging conventional financial instruments with decentralized infrastructure.