Users deposit US Treasury Bills and receive USD0, Usual's USD stablecoin. With USD0, users can purchase the enhanced T-Bill (USD0++), allowing them to earn rewards in USUAL tokens.

Usual is a decentralized Fiat Stablecoin issuer built on Ethereum and it was launched in 2024.

USUAL tokenholders own and govern the protocol. They currently collect all of the RWA collateral interest (revenue). Usual's investors include Bing Ventures, StarkWare, Kima Ventures, etc.

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Stablecoin issuers

Usual

# Usual Token trading volume Methodology

## 1. Overview

Token trading volume for Usual is measured as the total value of spot trading activity for the native asset across centralized and decentralized exchanges. The liquidity of the asset is indicated by the absolute value, while the demand from market participants to buy and sell the asset over time is reflected in the historical trend. All trading activity is aggregated to provide a standardized view of market liquidity and asset turnover for the Usual project.

## 2. Data sources

- **External data**: End-of-day market data and asset metadata

## 3. Step-by-step calculation

### Component A: Asset identification and mapping

- **Purpose**: Ensure market data is correctly attributed to the project
- **Logic**: The unique identifier for the project is mapped against market metadata records. This ensures that trading volume is accurately isolated for the native asset associated with Usual.
- **Key fields**: `coingecko_id` (project identification)

### Component B: Trading volume extraction

- **Purpose**: Capture the daily aggregate trading activity
- **Logic**: Total daily volume values are extracted from historical market records. These values represent the cumulative spot trading activity across all supported centralized and decentralized exchange venues.
- **Key fields**: `total_volume` (trading activity), `timestamp` (timing)

### Component C: Data normalization and finalization

- **Purpose**: Standardize data types and ensure time series continuity
- **Logic**: Volume values are cast to a standardized numeric format for consistency. A zero-filling strategy is applied to the historical time series to ensure that days without recorded trading activity are explicitly represented as zero, maintaining a continuous daily granularity.
- **Key fields**: `token_trading_volume` (final volume), `timestamp_grain` (granularity)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total trading volume of the project's native token across spot venues.

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Token trading volume

Token trading volume

Competitive landscape