Quote from: TastyChillySauce00 on Today at 02:55:54 AM

Quote from: notMeNahh on November 28, 2024, 10:01:09 PM

I came across this Blackrock backed stablecoin called usual and from it's current pre-market price it's around 0.3 a pop. My question is why is there a premarket for a stablecoin and why is there talk of a dip or pump about the token on twitter.

Just curious genuinely, some enlighten me haha

their stablecoin is called USD0, Usual is just a governance token, don't know the utility but it's most certainly not stable coin, just like how Ethena issued ENA which is a governance token and USDe which is stable coin.

the USD0 is the one that's actually pegged to some asset, usual on the other hand, isn't pegged to anything therefore the price is fluctuating so much.

the worth of usual is derived from utility, or benefit the project can provide, while USD0 is 1:1 to USD and is the product.

I do not really understand what this is as you meant that USD0 is not a stable coin. It was said to be a stablecoin. Since it was created, its price has not really increased and decreased more than United States dollar price.

This is the coin on Coingecko: https://www.coingecko.com/en/coins/usual-usd

Also on Coinmarketcap, the coin all-time high was 1.0056 while the all-time low is $0.9969.