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CATEGORY: usual

Usual Protocol to activate revenue switch after USD0++ depegs
Author: Cointelegraph by Mehab Qureshi
United States
Source: Cointelegraph.com News
Jan 12, 2025 12:00

Usual Protocol to activate revenue switch after USD0++ depegs

Usual Protocol has introduced a revenue-sharing model to stabilize its ecosystem following USD0++ depegging from $1.

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Usual Protocol Faces Criticism After USD0++ Depegs
Author: Sneha Murali
United Arab Emirates
Source: TheNewsCrypto – Blockchain & Cryptocurrency News M
Jan 12, 2025 04:10

Usual Protocol Faces Criticism After USD0++ Depegs

Criticism of Usual Protocol DeFi stablecoin issuance protocol was due to a loss of parity in the staked stablecoin, USD0++. This began depegging on January 9 at a coin level reaching a value of $0.89, while by later stages of recovery. It stood at $0.92 and created fear for both

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Stablecoin issuer Usual faces sell-off after redemption update
Author: Cointelegraph by Josh O'Sullivan
United States
Source: Cointelegraph.com News
Jan 11, 2025 12:00

Stablecoin issuer Usual faces sell-off after redemption update

Usuals USD0++ staked stablecoin introduces dual exit mechanisms, prompting market volatility and significant community debate.

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