Stablecoin developer Usual faces backlash after changing redeem function

CAT January 10, 2025 1 min read

Denis Omelchenko

Stablecoin developer Usual is under scrutiny after changing 1:1 redemption mechanism for USD0++, its yield-bearing staked token tied to the USD0 stablecoin. USD0++, the staked version of the USD0 stablecoin by Usual, dropped to $0.92 — 8% below its previous…

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Stablecoin developer Usual faces backlash after changing redeem function

Tags: #bitcoin #blockchain #cryptocurrency #eth btc Ethereum

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