Usual Protocol
Usual Protocol is a decentralized stablecoin platform by Usual Labs, offering USD0, a fully-backed stablecoin that democratizes access to U.S. Treasury yields.
HeadquartersParis, France
Founded2022
CEOPierre Person
StagePrivate
FoundersPierre Person, Adli Takkal Bataille, Hugo Sallé de Chou
Key InvestorsIOSG Ventures, Kraken Ventures, Hypersphere Ventures
Websiteusual.money ↗
LinkedInusualmoney ↗
GitHub@usual-dao ↗
Products
Usual Protocol, developed by Usual Labs, is a decentralized stablecoin platform that provides access to U.S. Treasury yields through its stablecoin, USD0, and its staked version, USD0++. The platform is headquartered in Paris, France, and was founded in 2022 by Pierre Person.
Funding
| Round | Amount | Year |
|---|---|---|
| Strategic | $7M | 2024 |
Frequently Asked Questions
What stablecoin does Usual Protocol issue?
Usual Protocol issues USD0, its core U.S. dollar stablecoin, and also describes EUR0 as a euro stablecoin in its product suite. USD0 is the primary product on this page, with USD0 market capitalization of $553M as of 1 July 2026.
How is USD0 backed?
Usual states that USD0 is fully backed by U.S. Treasury Bills and can be used for payments, trading and collateral across DeFi. Its website describes USD0 as backed 1:1 by real-world assets such as U.S. Treasury Bills.
What is the difference between USD0 and USD0++?
USD0 is the core stablecoin, while USD0++ is commonly described as a yield-oriented or locked version connected to Usual's reward and governance design. The issuer's documentation separates USD0 as the stability asset from USUAL, the governance and revenue-rights token.