Binance Offers Early Access to USUAL Stablecoin via its Launchpool Ahead of Market Listing

Binance has announced that it will be the first exchange to launch the new stablecoin USUAL via its pre-market launch platform, Binance Launchpool.

The crypto exchange stated that the token’s dedicated page will go live 12 hours prior to its pre-market launch, which is scheduled for 10:00 UTC on November 19.

Binance is providing early access to the USUAL/USDT trading pair, allowing users to trade the stablecoin before the official spot listing. This move is aimed at giving traders a head start on USUAL’s market activity. The exchange stated it would soon announce the closing time for pre-market trading and the spot listing time.

USUAL is issued by Usual Labs, a decentralized stablecoin issuer backed by major industry players like Kraken, Mantle, Starkware, GSR, and over 150 other investors. The firm introduced the Ethereum-based stablecoin in February 2024, presenting it as a permissionless asset-backed stablecoin. It stated the stablecoin will operate on the Ethereum network and on a revenue-based model designed to prioritize benefits for its community members.

When USUAL officially lists on Binance, its initial circulating supply will be around 12.37%, or 494.6 million tokens, out of a total supply of 4 billion.

Current data from CoinMarketCap shows that the USUAL stablecoin has already risen 0.08%, currently trading at $0.9991 with a market cap of $345.71 million and a total supply of 346 million tokens.

To incentivize early adoption, Binance is also offering users the ability to earn USUAL token airdrops in BNB and FDUSD over a four-day period. Farming for USUAL will begin on November 15 at 00:00 UTC.

The announcement of USUAL’s launch on Binance comes on the heels of Usual Labs successfully completing a $1.5 million community funding round last week, with investments from notable players like The Echonomist, Breed Syndicate, and Comfy Capital.

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