Usual V2 is live today.

At first glance it is a new app. The heart of it is your account: one place that holds your dollars and euros, your savings, and your investments, designed to gain new powers over time. That part is real, and it matters. But the redesign is the smallest piece of what changed. V2 is the base that everything else gets built on. From here, Usual stacks a full set of financial services on top of its stablecoin, and a stablecoin issuer starts becoming something much larger: a FinTech that belongs to the people who use it.

This was always the plan. Usual never set out to be only a stablecoin. From day one, the goal has been a DeFi bank owned by its users. The stablecoin came first because it is the hardest part to get right: real money, backed one-to-one by Treasury Bills, that anyone can hold and verify. Every service that follows inherits that same foundation. You get the money right first, then build the bank around it.

And ownership here is not a figure of speech. The protocol returns 100% of its revenue to USUAL holders, and the DAO owns all of its assets. There is no separate company sitting above the system and keeping the upside. The people who use the bank are the people who own it: they vote on where it goes, they share in what it earns, and their money stays theirs the entire time. You do not have to take this on faith. The app shows it in real time: the assets backing the system, the treasury that belongs to token holders, and the valuation behind it.

Whats next

V2 is the floor. Here is what we build on top of it:

• Currencies: Usual issues dollars and euros side by side through USD0 and EUR0: on-chain currencies backed by short-term government bonds and redeemable at any time.

  No CEX required. You can now top up in a few clicks from your bank account, use your funds on-chain, and send euros, and soon dollars, back to any bank account whenever you need, with no fees.

  But this is only the beginning. Usual’s ambition is to go beyond the euro and the dollar by enabling on-ramps and off-ramps for other tokenized local currencies (CNY, JPY, GBP, CAD, CHF). The goal is simple: give anyone access to the currency of their choice, so they can save, transact, and invest on-chain without being exposed to unnecessary volatility.

  
  

• Forex: Liquidity between crypto stablecoins remains a major bottleneck for anyone looking to move across currencies on-chain.

  With clearFX, Usual lets you switch from dollars to euros, and back, in one tap, smoothly and at the tightest spread possible. The rate is anchored in the real value of the underlying bonds, rather than the depth of a trading pool.

  Access the currency you need from the same balance, with no separate exchange step.

  
  

• Savings & Spendings : Making your money productive before investing it elsewhere is one of the missing pieces of traditional finance. Access to the risk-free rate remains too complex, when it should simply be the baseline.

  With Usual, you can move idle cash into savings products that earn from the protocol’s real revenue, with no lockup and nothing to manage. Earn beyond the risk-free rate while keeping your money available at all times.

  Whenever you need it, access your funds instantly and spend them directly through your future Usual Card.

  
  

• Discover all opportunities: Investing with Usual can be directional or non-directional. You choose whether you want stable yield, exposure to Usual’s upside, or access to broader on-chain markets.

  Start with your dollars. Lock them into bUSD0 or allocate your balance into curated strategies built on the same real-world assets. You decide how much capital to grow and how much to keep liquid.

  For directional exposure, buy and lock USUAL when it trades below the transparent value of the protocol’s treasury. You get exposure to a token backed by real revenue, with a claim on part of the treasury and a clear view of the assets behind it.

  Soon, Usual will also bring tokenized stocks into the ecosystem, letting you access traditional market exposure directly from the same account, alongside your currencies, savings, and on-chain strategies.

  
  

• Credit: With Usual Credit, you can borrow against the Usual assets you already hold at a fixed rate agreed upfront.

  Instead of selling your assets to free up cash, you keep your exposure, your upside, and your long-term position intact. Use your capital when you need liquidity, while your assets remain in the ecosystem. Borrow with clarity: no variable-rate uncertainty, no forced trade-off between staying invested and accessing cash.

  
  

• AI and agents: Usual will let you manage your money through an AI assistant that operates within the limits you define. You can keep full control, with the assistant asking for confirmation before every move, or allow it to act autonomously within a budget, a risk profile, and a set of strategies you approve in advance. Through a Model Context Protocol connection, the AI agents you trust will be able to hold, move, save, swap, and invest your money directly inside Usual. Your capital keeps earning while agents execute tasks for you — instead of sitting idle between actions.

  From topping up your balance to switching currencies, allocating into savings, rebalancing strategies, or preparing payments, Usual turns AI agents into financial operators with clear permissions, real assets, and productive capital.

  
  

• Usual Staking Simplification: With DAO approval, the current staking mechanism will be simplified to make participation easier and more accessible for everyone. The goal is to reduce friction around staking, remove unnecessary complexity, and give users a clearer path to manage their positions. This simplification will also make it easier to exit when needed, improving flexibility while preserving the long-term alignment between USUAL holders, stakers, and the protocol.

  
  

• Explore: Usual V2 introduces a new transparency dashboard built to show the real value behind the protocol.

  Track the protocol’s treasury, real-time revenues, and the assets backing the ecosystem in one place. For the first time, users can clearly monitor the value supporting the governance token, beyond market price alone.

  The dashboard gives anyone a direct view into Usual’s fundamentals: what the protocol owns, what it earns, and how that value evolves over time.

  Additional metrics will be added soon, making Explore the reference layer to understand Usual’s financial health, treasury depth, and long-term value creation.

  
  

• Help Center: Usual V2 will integrate a dedicated Help Center directly inside the dApp, giving anyone a simple way to ask questions, find answers, and get support without leaving the product.

  For users, it means faster access to clear, organized information. For the Labs team, it creates a more structured support flow, making it easier to track requests, answer recurring questions, and improve the quality of assistance over time.

  As a result, support will progressively move toward this centralized Help Center. Other communication channels will be streamlined and may be set to read-only soon, so the community can rely on a single, clearer place for product support and protocol information.

  
  

One account, One App every service, owned by the people who use it. V2 is the foundation. Everything else gets built on top of it.

Money you actually own.