Usual Moneyprotocol update triggers community concerns, USD0++ falls below $1

Odaily Planet Daily According to the dual exit update of the protocol, Usual Money's stake USD0 fell by 8.5% on Decentralization exchange, dropping below $1, and millions of USD0++ were dumped by holders, causing severe imbalance in its largest Curve pool. Analysis believes that although Usual's USD0 is a stablecoin backed by US Treasury bonds, it is still pegged to $1, but the operating mechanism of the liquid stake version USD0++ is more like a zero-coupon bond with a lock-up period of four years, bringing Usual's native utility and governance token USUAL to holders at the end of the term. (TheBlock)