Usual’s stablecoin USD0 goes live on Fluid, unlocking dual yields for LPs

Usual stablecoin issuer just launched its USD0/USDC liquidity pool on Fluid DeFi protocol, allowing liquidity providers to earn dual yields from both lending and trading APRs.

On May 19, an RWA-backed stablecoin protocol Usual announced the launch of its USD0/USDC liquidity pool on the DeFi protocol Fluid. The integration allows liquidity providers to earn lending APR, trading APR, and USUAL rewards on top.

The launch is powered by Fluid’s advanced architecture, which optimizes liquidity ranges and enables deeper, more efficient markets for stablecoin trading. This results in tighter spreads and better execution for users interacting with the USD0/USDC pair.

However, the real edge of USD0 being on Fluid is its relending mechanism, which allows deposited liquidity to simultaneously earn returns from both trading activity and lending protocols — enabling LPs to enjoy dual yield from a single position.

USD0 is a permissionless stablecoin backed by real-world assets — primarily ultra-short maturity U.S. Treasury Bills. It was launched by Usual Protocol to offer greater safety than USD Coin (USDC) and Tether (USDT) by avoiding reliance on traditional banks and their fractional reserve practices. It provides full transparency of its collateral, enabling anyone to verify its backing in real time.

Usual Protocol is headed by CEO Pierre Person, a former French politician and National Assembly member who played a key role in shaping the country’s crypto asset legislation.

“Existing stablecoin models lack transparency and equitable value distribution, privatizing their gains and socializing their losses, and going against the ethos that web3 was built on,” explained Person. “Usual is proud to be addressing this void by providing a permissionless, real-asset backed stablecoin that shares our profits directly with the community, and empowers our token holders to guide us to the future that they see fit.”

Usual launched USD0 stablecoin alongside its liquid bond product USD0++ in July last year. USD0++ is a liquid staking token that allows users to lock USD0 for up to four years, earning rewards in USUAL tokens. This token is tradable in secondary markets, offering liquidity alongside staking benefits.

In December 2024, Usual’s TVL surpassed $1.4 billion, ranking it among the top five stablecoins. Currently, USD0’s TVL stands as $646 million and it ranks as the 10th top stablecoin by marketcap on CoinMarketCap.