A new stablecoin project is aiming to address the lack of transparency and equitable distribution of value in existing models. The project, named Usual, is set to offer a permissionless stablecoin backed by real assets. This initiative seeks to avoid privatizing gains and socializing losses, which goes against the ethos of web3. According to a statement released by a spokesperson for the project, Usual aims to fill this gap by sharing profits directly with the community and empowering token holders to shape the project’s future direction. This move is part of an effort to align with the principles on which web3 was originally built.
