The digital landscape has witnessed an intriguing development as the native token of Usual Labs, ‘USUAL,’ skyrocketed to $0.4491, marking a notable 49.37% increase within the 24-hour timeframe. This impressive surge came into effect following the token’s listing on the renowned cryptocurrency exchange, Kraken.
The USUAL token’s rather unique tokenomics and distribution mechanism appears to be aiding its rise to prominence among discerning investors. At the time of penning down this report, the cryptocurrency holds a striking $250.3 million in market capitalization. This followed an astounding 873.85% surge in daily trading volume, as per data sourced from CoinMarketCap. The digital asset is currently available on preeminent crypto exchanges, including Binance, Bitget, KuCoin, Uniswap, among others.
What’s particularly interesting is the role of scarcity in the USUAL token’s recent surge. Approximately 11% of the circulating supply has been captured via Early Redemption, and almost half is staked in USUALx. As the token becomes scarcer, it is evolving beyond its fundamental role as an asset, thereby potentially boosting its overall value.
However, it’s worth noting that a recent adjustment in the redemption policy for USD0++ has resulted in a fall in its value. The update entailed an alteration in the token’s unstaking mechanism, from a 1:1 redemption ratio. This adjustment led to an over 8% drop in USD0++’s value on January 9, 2025, bringing it to $0.905.
Usual Labs’ protocol fundamentally converts real-world assets into a secure and versatile stablecoin, USD0, subsequently sharing its value with users through the USUAL token. Moreover, it operates as a decentralized Fiat Stablecoin issuer, redistributing ownership and governance through the USUAL token.
In essence, the USUAL token is a promising example of the evolving dynamics of digital assets. Its unique tokenomics, coupled with the role of scarcity in boosting its value, are critical aspects contributing to its growing popularity among investors. Its recent listing on Kraken, coupled with its availability on other leading exchanges, further enhances its visibility and accessibility. However, the recent drop in USD0++’s value following the redemption policy change underscores the inherent volatility of the crypto market. As such, investors must exercise caution and thorough analysis before making investment decisions in this high-risk, high-reward landscape.
