Usual Money protocol update sparks community concerns, USD0++ falls below $1

Following the protocol’s double exit update, Usual Money’s staked USD0 fell 8.5% on decentralized exchanges, falling below $1, and millions of USD0++ were sold by holders, causing a serious imbalance in its largest Curve pool. Analysts believe that while Usual’s USD0 is a stablecoin backed by U.S. Treasuries and is still pegged to $1, the liquid staked version USD0++ operates more like a zero-interest bond with a four-year lock-up period and brings holders Usual’s native utility and governance token USUAL at the end of the term. (TheBlock)