The Usual community has released the UIP-6 proposal, suggesting to raise the lower limit of USD0++ to 0.92 dollars
The RWA stablecoin issuer, Usual Community, has released the UIP-6 proposal titled "Maximizing Value for USUALx Holders", suggesting to raise the floor price of USD0++ from $0.87 to $0.92 and redistribute 47 million USUAL tokens collected from early redemptions to USUALx holders before the second quarter of 2025. The proposal points out that the USUALx ecosystem is facing unfair arbitrage issues which cause an estimated annual revenue loss of $11.1 million through early redemption mechanisms, reducing the value of USUALx by about 22%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trend Research purchases another 11,520 ETH, worth approximately $34.93 million
Lighter founder hints at introducing Turing-complete ZK circuits
A Whale Flips Long to Short, Opening a Short Position of Over $91 Million in Major Coins
A-share digital currency concept stocks rallied in the afternoon, with Lakala rising over 10%.