Finance Protocol, Usual recently introduced a new stable coin project backed by real-world assets.

Joining us now to discuss as usual CEO Pierre Persant. Pierre, welcome to the show.

Thank you very much for inviting me, Jennifer.

I have so many questions for you, but let's start with the stable coin project, USD Zero.

Talk to me about the project and what it is.

Yeah, the idea, like you said, is to back and create a new stable coin, your type of

stable coin, collage by a real world asset.

So the idea is to offer more transparency, more fairness from the flatback stablecoin market.

So the idea is to have a stable coin that is

trustable by people that is

stronger in terms of collateral, not exposed

to commercial bank and to avoid

any bankruptcy. So the idea

first is to offer some security

for the market. And the other thing

is that we want to redistribute the revenue.

So one of the principal aspect of usual is how we can align the interest of all the

participants, the older of the stable coin, also people who provide liquidity.

And so we have created some great economics in order to, yeah, to help people to receive

the fair value of the holdings.

Break this down even further for me.

Talk to me a little bit more about the problem with traditional Fiat-backed stable

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