Frequently Asked Questions about Usual Money
Everything you need to know about the Usual Money protocol, stablecoins, USUAL token, yield strategies and governance.
Usual Money is a trusted, decentralized fiat stablecoin protocol that issues RWA-backed stablecoins and redistributes ownership and governance through the USUAL token. The protocol gathers yield from Real World Assets such as US Treasury bills and institutional money market instruments, then channels that yield back to protocol participants. Unlike conventional stablecoin issuers that retain all yield for themselves, Usual Money shares value with its community through its tokenomics model — meaning that as the protocol expands, so does the benefit to its holders.
Usual Money currently offers three core stablecoins: USD0 (US dollar–backed, collateralized by RWAs), EUR0 (Euro-backed, institutional-grade), and ETH0 (productive ETH exposure). Each base stablecoin features a savings variant — sUSD0 and sEUR0 — delivering risk-free yield, as well as bond variants (bUSD0, bEUR0, bETH0) that provide up to 4.5% APY through long-term protocol alignment. Alpha variants (USD0a, EUR0a, ETH0a) offer enhanced returns via delta-neutral strategies.
Usual Money maintains over 100% collateralization at all times. The protocol's TVL and collateralization ratio are publicly monitored on Dune Analytics, Token Terminal and DefiLlama — anyone can verify the backing in real time. Collateral assets include institutional-grade instruments such as USYC (Hashnote), $M (M0 Foundation), and other RWA tokens. Smart contracts have been reviewed by leading blockchain security firms. The Usual Money Usual Success Module also displays TVL progression goals alongside trusted external benchmarks.
USUAL is your on-chain stake in the Usual Money economy. It is automatically earned whenever you contribute to the growth of Usual Money's products. You can hold USUAL to own a portion of protocol value, or stake it to receive USUALx — which unlocks full governance rights and a weekly USD0 revenue share when you lock USUALx. Key metrics: the Protocol Treasury holds approximately $19.4M, Market Cap is around $21.1M, Buyback Power stands at 92%, and Staked Supply is approximately 47%. Staking APY is currently 14%.
USUALx is the staked form of USUAL. When you stake your USUAL tokens through the Usual Money interface, you receive USUALx in return. USUALx holders gain two core advantages: (1) Governance rights — the ability to take part in protocol decisions and vote on proposals; (2) Weekly USD0 revenue share — a direct distribution drawn from the protocol's RWA-generated income. The locking mechanism further rewards long-term commitment, offering up to 29% APY on combined USUAL + USD0 rewards.