The RWA-backed stablecoin has rapidly made its means into the highest 25 because it begins its “Capsules” marketing campaign.
Traditional, the true world asset (RWA) stablecoin protocol, introduced the launch of its public mainnet led by its native stablecoin, USD0.
The USD0 stablecoin launched on June 3, however grew to become publicly out there as of July 10. Since its public launch three days in the past, USD0’s market capitalization has grown over 20% to $90.4 million, from $74.5 million, in accordance with DeFiLlama. This development spurt has propelled USD0 into the highest 25 largest stablecoins by market capitalization, sitting just under Aave’s GHO.
USD0 is branded as the primary Liquidity Deposit Token (LDT) from Traditional Protocol. The stablecoin is backed 1:1 by RWAs, akin to US Treasury Payments through in a single day repurchase agreements.
The speedy development may be partially attributed to Traditional’s new Capsules incentives marketing campaign. Over the course of the subsequent 4 months customers can earn Capsules, that are akin to factors, that can translate to the protocol’s native token, USUAL. The token technology occasion (TGE) will see 7.5% of the full provide distributed amongst early customers based mostly on the quantity of Capsules they accrue.
Capsules are earned by offering liquidity or growing TVL of the protocol through Traditional’s USD0 stablecoin.
