The RWA stablecoin protocol Usual has completed a new round of financing, raising $1.50 million, with participation from Comfy Capital and others.

PANews reported on November 9 that the RWA stablecoin protocol Usual has completed a new round of financing totaling $1.50 million, with investments from Comfy Capital, early crypto project investor echo, and Breed VC founder Jed Breed, among others. Specific valuation data has not yet been disclosed.

Usual stated that the project plans to launch a token generation event (TGE) to support the construction of its USD0 stablecoin backed by real-world assets. The protocol previously raised $7 million in a strategic financing round in April of this year, with investors including IOSG Ventures and Kraken Ventures, bringing the total financing amount to $8.50 million so far.

The RWA stablecoin protocol Usual has completed a new round of financing of $1.50 million, with participation from Comfy Capital and others.