Stablecoin developer USUAL LABS announced the official launch of its first stablecoin product USD0, a stablecoin backed by real-world assets. Previously, USUAL LABS completed a $7 million financing led by IOSG and KRAKEN VENTURES, with participation from GSR, MANTLE, STARKWARE, FLOWDESK, AVI D3, BING VENTURES, BREED, HYPERSPHERE, KIMA VENTURES, PSALION, PUBLIC WORKS and X VENTURES.

USD0

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<p>According to official sources, Usual Labs, the developer of stablecoins, has announced the official launch of its first stablecoin product, USD0.</p>
<p>USD0 is a stablecoin backed by real-world assets. Earlier reports stated that Usual Labs, the stablecoin developer, raised $7 million in funding, with IOSG and Kraken Ventures leading the investment, and participation from GSR, Mantle, Starkware, Flowdesk, Avi d3, Bing Ventures, Breed, Hypersphere, Kima Ventures, Psalion, Public Works, and X Ventures.</p>
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USUAL LABS officially launches the first stablecoin USD0 backed by real-world assets