Usual is a decentralized stablecoin protocol that has launched USD0, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWAs). The protocol addresses issues in the traditional stablecoin market by redistributing profits generated from collateral back to the community through the USUAL governance token. USUAL token holders receive ownership rights over the protocol and future revenue streams, creating a model where users benefit from the value generated by stablecoin operations rather than just issuing institutions. The protocol emphasizes transparency, community governance, and equitable profit distribution.

**Project Name**: Usual

**Token Symbol**: $USUAL

**Core Vision**: To create a fully on-chain, decentralized fiat-backed stablecoin that redistributes 100% of value and control to users, ending the privatization of profits by centralized stablecoin issuers like Tether and Circle.

**Value Proposition**: Provides users with both yield and growth exposure through governance token ownership, enabling decentralized control over risk policies, collateral management, and liquidity incentives.

**Analyst's Note**: The project positions itself as a direct competitor to established stablecoin issuers, highlighting the $10B+ revenue generated by Tether and Circle in 2023 as evidence of the market opportunity for a redistributive model.

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**Core Architecture**: Protocol for issuing fiat-backed stablecoins with decentralized governance, built as a fully on-chain infrastructure.

**Consensus Mechanism**: Information not provided in available documentation.

**Key Technologies/Innovations**: 
- Decentralized issuer control via governance token ($USUAL)
- Treasury-based yield aggregation (revenues retained to enhance token value)
- Governance rights over risk policies and collateral composition
- "Bribing" strategies akin to Curve War for liquidity incentives

**Analyst's Note**: The technical approach focuses on rebuilding Tether's functionality fully on-chain with decentralized control, though specific consensus mechanisms and technical implementation details are not elaborated in public documentation.

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**Supply Mechanics**: Information not provided in available documentation.

**Distribution & Vesting**: 
- Community: 90% of treasury ownership via governance tokens
- Protocol Treasury: 10%
- Vesting details not specified

**Analyst's Note**: The tokenomics model emphasizes community ownership with 90% allocation, though specific supply mechanics and vesting schedules remain undisclosed in public documentation.

Crypto_analysis_Tokenomics

**Core Members**: No core team details provided in available documentation.

**Advisors/Investors**: Not mentioned in available documentation.

**Analyst's Note**: The absence of team information in public documentation represents a significant transparency gap, which is notable for a project aiming to establish trust through decentralization and transparency principles.

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**Completed**: Information not provided in available documentation.

**In Progress/Future Plans**: Information not provided in available documentation.

**Analyst's Note**: The project documentation lacks specific roadmap details, making it difficult to assess development progress and future milestones.

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