Usual Money: USD0 — Revenue-Sharing Stablecoin
The stablecoin that shares RWA revenue · +130 XP · 9 min read · Updated March 2026
What is Usual Money?
Usual is a decentralized stablecoin protocol issuing USD0 — backed 1:1 by Real-World Assets (primarily US Treasury bills). Unlike Tether (USDT) where Tether Corp keeps all T-bill interest, Usual redistributes 100% of RWA revenue to protocol token holders.
The key innovation: staking USD0 gives USD0++ — a 4-year locked bond that earns the treasury yield PLUS $USUAL governance token emissions. USUAL holders effectively own a share of the protocol's balance sheet.
The Usual Flywheel
Live Price Chart — $USUAL
Frequently Asked Questions
What backs USD0?+
USD0 is backed 1:1 by Real-World Assets — primarily short-duration US Treasury bills. Unlike algorithmic stablecoins, USD0 has hard collateral backing every token in circulation.
What's the difference between USD0 and USD0++?+
USD0 is the liquid stablecoin (pegged to $1). USD0++ is a 4-year locked bond that earns both T-bill yield and USUAL token emissions, offering ~12% combined APY.
How does Usual differ from USDT or USDC?+
The key difference is revenue sharing. Tether and Circle keep all interest earned on reserves. Usual redistributes 100% of RWA revenue to $USUAL token holders.
Earn T-bill yield while owning protocol revenue
Open Usual →