Usual Protocol, the issuer of the real-world asset-backed stablecoin USD0, has officially launched its USD0/USDC liquidity pool on the decentralized finance platform Fluid, enabling liquidity providers (LPs) to earn dual yields through a combination of trading and lending rewards.
The announcement, made on May 19, marks a significant milestone in Usual’s mission to create a transparent, capital-efficient, and community-driven stablecoin ecosystem.
Dual Yield Mechanics: Lending + Trading APRs
The USD0/USDC pool is powered by Fluid’s next-gen architecture, which optimizes liquidity placement and deepens market efficiency. This setup minimizes slippage and tightens spreads, delivering superior trade execution for users interacting with the pair.
What sets this pool apart is its relending mechanism a feature that allows deposited liquidity to be simultaneously utilized in trading and lending activities. LPs can therefore earn:
- Lending APR from integrated protocols
- Trading APR from swap activity
- USUAL token incentives on top
This multi-revenue structure gives liquidity providers more utility per dollar and streamlines capital efficiency in the DeFi space.
What Is USD0?
USD0 is a permissionless, real-world asset-backed stablecoin, primarily collateralized by ultra-short U.S. Treasury Bills. Unlike traditional stablecoins like USDT or USDC, USD0 avoids dependency on banks and fractional reserve models. It offers full transparency, allowing real-time verification of on-chain collateral.
Usual’s protocol also features USD0++, a liquid staking bond product that lets users lock USD0 for up to four years in exchange for USUAL token rewards. This staked asset remains tradable, combining long-term yield with short-term liquidity.
Usual: A Transparent Alternative in the Stablecoin Market
Usual Protocol is led by Pierre Person, a former member of the French National Assembly and a key figure in crafting crypto legislation in France. Commenting on the launch, Person stated:
“Existing stablecoin models lack transparency and equitable value distribution, privatizing their gains and socializing their losses. Usual is proud to be addressing this void by offering a real-asset backed stablecoin that shares our profits directly with the community.”
The protocol’s commitment to decentralization and user ownership has earned it a prominent place in the stablecoin landscape. As of now, USD0 ranks 10th by market cap on CoinMarketCap with a TVL of $646 million, though it previously peaked at $1.4 billion in December 2024, ranking it in the top five.
Final Thoughts
The launch of the USD0/USDC pool on Fluid introduces a new era of capital efficiency in stablecoin DeFi markets. By combining real-world asset collateral, on-chain transparency, and dual-yield mechanisms, Usual continues to redefine how stablecoins can function in Web3 finance.
With its growing ecosystem and innovative tools like USD0++, the protocol appears well-positioned to challenge legacy stablecoin systems and offer DeFi users more control, yield, and transparency in a rapidly evolving market.
