Usual Money Under Fire For Altering Asset Floor Price

Usual Money, a real-world asset (RWA) backed stablecoin issuer is under scrutiny after manually dropping its USD0++ product’s redemption price by 13% with minimal warning. USD0++ is a four-year staked version of USD0, the protocol’s stablecoin, which operates as a liquid staking token (LST). USD0++ is sold as a staked stablecoin with a four-year maturity period, that unlocks yield for holders, while also being pegged to the dollar like its parent asset, USD0. According to the Usual documents, 1:1 early unstaking was promised for Q1 2025, at the cost of lost $USUAL rewards. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io