Usual (USUAL): What It Is, Uses and Risks

Usual (USUAL) is the token linked to the Usual protocol, a project that issues a stablecoin called USD0. Public descriptions say the stablecoin is backed by short-term US Treasury bills, which is why the project is grouped under real-world asset (RWA) tokens on our site. The USUAL token is meant to share in the protocol's value and give holders a say in how it develops. One data aggregator says the token launched in 2024, but the launch details in our data are not confirmed, so treat that date as approximate. The project describes itself as a secure, decentralized, fiat-backed stablecoin issuer. Readers should check the project's own documentation for the current design, since protocols change over time.

Based on public descriptions, USUAL is a governance token and a rewards token. Governance tokens let holders vote on or take part in decisions about a protocol, such as settings or future changes. Rewards tokens are handed out to users who take part in an ecosystem. Our site describes USUAL as a revenue-sharing token, meaning it is tied to income the protocol generates. The project's material frames the token as a way to redistribute value and ownership to people who use the protocol, rather than keeping it with the issuer alone. Whether any of this applies to you depends on the current rules, which can change through governance votes. A token's use is not the same as a promise of income, so read the official terms before you act.

The figures below are approximate values as of 2026-11-05 and will not match live data. USUAL ranked about 850th by market capitalization. Its price was about $0.0101, with a market capitalization of about $19.9 million and a fully diluted valuation of about $20.2 million. Trading volume over 24 hours was about $1.0 million. The circulating supply was about 1.97 billion tokens, the total supply about 2.0 billion, and the maximum supply 3 billion. The all-time high was $1.61 on 2024-12-19, and the all-time low was about $0.0075 on 2026-07-29. Over the past year the price fell about 65 percent, and over seven days it moved about 1.7 percent down. These moves show how volatile the token has been. They are not a forecast, and this page does not offer buy or sell advice.

USUAL is issued on Ethereum, Base and BNB Chain, according to our data. It is not the native token of any of those networks. That means it runs as a token on chains built by other teams, so it depends on the security and reliability of each network it sits on. Holding the same token across several chains can also make it harder to track total supply and liquidity, because each chain may have its own pools and bridges. Some of public reporting also refer to the protocol as an Ethereum-based project. Before interacting with any version of the token, confirm which chain you are using and that the token contract address matches the official one published by the project.

Several risks apply. Token prices can fall sharply, as the one-year decline shows. Market data such as volume and supply can vary between sources, and some figures in public listings are out of date, so check more than one source. The stablecoin side of the protocol depends on its backing assets, redemption processes and the issuer's operations, and any failure there could affect confidence in the token. Smart contract bugs, bridge failures and governance changes are also possible. Decentralized finance (DeFi) apps that use the token or USD0 can add their own risks. Store the token in a wallet you control, keep seed phrases private, be wary of unsolicited messages offering to help you, and never share your recovery phrase. Consider the risks carefully and only commit funds you can afford to lose.