Deep Dive
1. Multichain Expansion (15 August 2025)
**Overview:**
Usual deployed USD0 and its liquid staking variant USD0++ on TAC blockchain using LayerZero’s OFT standard, enabling seamless bridging via Interport. This follows TAC’s mainnet launch and integrates USD0 into its vault system for yield farming.
**What this means:**
Bullish for adoption, as cross-chain interoperability broadens USD0’s use in DeFi strategies. However, reliance on third-party bridges like LayerZero introduces smart contract risks. (Usual)
2. Staking Incentives Overhaul (21 August 2025)
**Overview:**
Usual’s UIP-9 update went live in July 2025, tying USD0 revenue rewards to lock-up durations (1–12 months). Weekly payouts now hit $156K, with 12-month lockers earning 8× boosted yields (~43% APY).
**What this means:**
Encourages long-term holding but risks overconcentration among large stakeholders. The model mirrors protocols like Frax, emphasizing protocol-aligned liquidity. (Usual)
3. Regulatory Delisting (27 June 2025)
**Overview:**
Anchorage Digital, a U.S.-chartered crypto bank, phased out USD0, USDC, and AUSD, citing issuer concentration risks under its “Stablecoin Safety Matrix.” Agora’s CEO criticized the move as politically motivated, noting Anchorage’s ties to Paxos.
**What this means:**
Bearish short-term due to reduced institutional accessibility, but USD0’s Paris-based structure may sidestep stricter U.S. regulations like the GENIUS Act. (CoinMarketCap)
Conclusion
USD0 balances growth (TAC integration, staking upgrades) against regulatory friction, reflecting stablecoins’ tightrope between innovation and compliance. Will its European base and RWA-backed reserves (101.11% collateralization) offset U.S. scrutiny? Monitor adoption metrics on TAC and regulatory shifts under MiCA.