Key Takeaways
OKX Ventures invested in Common to broaden decentralized stablecoins backed by U.S. Treasury Payments.Common’s USD0 stablecoin makes use of decentralized governance for income sharing and neighborhood decision-making.The partnership boosts DeFi integration with real-world property, enhancing stability and transparency.
OKX Ventures, the funding subsidiary of cryptocurrency trade OKX, introduced on December 24 its funding in Common, a decentralized stablecoin issuer. Notably, this transfer goals to advance decentralized finance (DeFi) and combine real-world property (RWAs) with blockchain programs.
“We’re excited to help USUAL in changing into the ‘new infrastructure’ that drives the long-term worth creation and progress of worldwide decentralized finance,” mentioned Dora, founding father of OKX Ventures.
Stablecoin Backed by U.S. Treasury Payments
Common’s main providing, USD0, is a stablecoin backed by tokenized US Treasury Payments. Not like conventional stablecoins issued by centralized companies corresponding to Tether (USDT) and Circle (USDC), USD0 operates beneath a decentralized governance framework. Holders of Common’s native token, $USUAL, can take part in governance choices and share in generated income.
“Via the natural integration of RWA and DeFi, USUAL has not solely reshaped the yield construction of stablecoins but in addition created an financial system pushed by neighborhood co-creation and mutual profit,” affirmed the agency’s CEO within the launch.
The funding displays a rising pattern of institutional curiosity in decentralized programs as regulatory frameworks for stablecoins evolve globally. Common’s mannequin focuses on transparency and neighborhood management, positioning it as an alternative choice to conventional issuers.
Along with governance options, Common has secured partnerships with main monetary companies corresponding to BlackRock and Hashnote, enabling entry to RWAs. Its collaborations with decentralized finance platforms like Curve and Pendle additional improve liquidity administration and optimize yields for customers.
Institutional Assist for Blockchain Progress
OKX Ventures’ backing of Common aligns with its broader technique to advertise decentralized fashions and broaden blockchain’s use in conventional finance. The agency emphasised the significance of stability and governance in decentralized finance as key components behind the funding.
The transfer highlights a broader shift towards combining decentralized applied sciences with regulated monetary devices, addressing considerations about transparency and compliance within the stablecoin market.
For extra particulars, go to OKX Ventures.
