USUAL (Usual) 24-hour pump 18.22%

Gate News Bot news, on November 5th, according to CoinMarketCap data, as of the time of writing, USUAL (Usual) is currently priced at $0.03, with a rise of 18.22% in the last 24 hours, reaching a high of $0.03 and a low of $0.03. The current market capitalization is approximately $40.9 million, an increase of $6.3 million compared to yesterday.

Usual Protocol is a decentralized financial protocol aimed at redistributing value monopolized by crypto giants. The protocol combines the security of real assets with the composability and liquidity of DeFi by issuing a stablecoin USD0 backed by real-world assets (RWA). Usual is not just a stablecoin issuer; it also returns ownership and governance to users through the $USUAL token.

USUAL recent important news:

1️⃣ Usual Labs completed a $7 million funding round Usual Labs announced on April 17 that it has completed a $7 million funding round led by Kraken Ventures and IOSG. The funds will be used to accelerate the development of Usual Protocol, including expanding the team, improving product features, and expanding the market. This financing indicates institutional investors' recognition of the Usual project and may be one of the important factors driving the USUAL token price rise.

2️⃣ Usual Protocol launches stablecoins supported by RWA Usual Protocol officially launched a stablecoin supported by real-world assets (RWA) on February 28. This innovative product combines the stability of traditional financial assets with the flexibility of decentralized finance, providing users with new investment and trading options. The launch of the stablecoin helps enhance the usability and appeal of the Usual ecosystem, potentially having a positive impact on the demand for USUAL token.

3️⃣ Usual and Sherlock collaborate to launch a bug bounty program Usual has recently partnered with the security auditing firm Sherlock to launch a vulnerability bounty program of up to $16 million. The program aims to identify and fix potential security vulnerabilities in the protocol to enhance the overall security and reliability of the system. This initiative demonstrates the Usual team's commitment to project security and helps boost investor confidence, which may be another important factor supporting the price of the USUAL token.

From a technical perspective, the 24-hour trading volume and price of USUAL token have shown a significant rise, indicating that market interest in this project is increasing. However, investors still need to closely monitor the project's long-term development and the overall market trend.

This message does not constitute investment advice; investors should be aware of market volatility risks.