I came across this Blackrock backed stablecoin called usual and from it's current pre-market price it's around 0.3 a pop. My question is why is there a premarket for a stablecoin and why is there talk of a dip or pump about the token on twitter.
Usual is not a stablecoin, but rather an entity that issues stablecoin. Their stablecoin is USD0, it has the same value 1:1 as the original FIAT USD. Not only stablecoin, they also have Usual token that you are talking about here, looking at Coinmarketcap, the price is around $0,3. Usual token is the governance token of the Usual entity itself, and of course, its price can go up or down.
