The updated version of the U.S. CLARITY Act imposes requirements on centrally controlled crypto algorithms before the September 15 vote. The proposal was introduced by Senator Cynthia Lummis and Republicans in the Senate, following discussions with Democrats. According to Lummis, the Republicans included more than 114 measures from the Democrats’
Usual Protocol’s innovative approach to stablecoins and token-based finance quickly gained traction after its launch in Nov 2024. However, the project’s native stablecoin USD0++ lost its peg on Jan 10, which led to a price dump. Despite the price fluctuations, the USUAL price surged by around 15% this week. The
Criticism of Usual Protocol DeFi stablecoin issuance protocol was due to a loss of parity in the staked stablecoin, USD0++. This began depegging on January 9 at a coin level reaching a value of $0.89, while by later stages of recovery. It stood at $0.92 and created fear for both
