The native token of Usual Labs ‘USUAL’ surged to $0.4491 with a 49.37% hike in the 24 hours after the leading crypto exchange, Kraken listed the token on its platform.
The token’s unique tokenomics and distribution mechanism is also helping it gain visibility and popularity among investors. At the time of writing, the cryptocurrency holds $250.3 million in market capitalization after an 873.85% surge in the daily trading volume, according to CoinMarketCap data. At present, the cryptocurrency is available on the leading crypto exchanges, including Binance, Bitget, KuCoin, Uniswap, and others.
USUAL Token’s Scarcity Model Helping It to Surge
Scarcity is increasingly becoming a key characteristic of the USUAL token. With nearly 11% of the circulating supply captured through Early Redemption and almost 50% staked in USUALx. As the token becomes more scarce, the cryptocurrency is transcending its role as a mere asset, which will also boost its value.
However, a recent change in the redemption policy for USD0++ has led to a decline in its value. The update adjusted the token’s unstaking mechanism, which previously allowed for a 1:1 redemption ratio. This led to a drop in USD0++’s value, falling over 8% on January 9, 2025, to $0.905.
Usual is a protocol that converts real-world assets into a secure and versatile stablecoin, USD0, and shares its value with s through the USUAL token. It is also a decentralized Fiat Stablecoin issuer that redistributes ownership and governance through the USUAL token.
Also Read: Crypto Community Trolls Ex-U.S. Senator and Crypto Critic Bob Menendez Over Bribery Charges
