The market value of stablecoin USD0 under Usual Labs has broken through 1.4 billion US dollars, growing by 243% in the past month

On December 22, data from DefiLlama showed that the stablecoin product USD0, launched by stablecoin developer Usual Labs and backed by real-world assets, broke through a market value of $1.4 billion, ranking sixth among stablecoins; it has grown by 66.12% in the past seven days and 243% in the past month. Four months ago, Usual Labs announced that it had completed a financing round of $7 million led by IOSG and Kraken Ventures with participation from GSR, Mantle, Starkware, Flowdesk, Avi d3,Bing Ventures,Breed,Hypersphere,Kima Ventures,Psalion ,Public Works and X Ventures.