Will Canny is CoinDesk's finance reporter.
00:52Usual Labs, the firm behind the decentralized finance protocol Usual, has raised $7 million and received $75 million commitment in total value locked for the launch of its stablecoin USD0, the company said in a statement on Wednesday.
The $75 million in TVL consists of investments from the company’s direct investors and from entities and individuals within the ecosystem.
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