Usual Sets New Benchmark with $16 Million Bug Bounty, Surpassing Industry Record

Stablecoin protocol Usual has pushed the boundaries of cryptocurrency security by launching a $16 million bug bounty program alongside blockchain security firm Sherlock. This unprecedented initiative surpasses Uniswap’s previous record-breaking $15.5 million bounty, marking a significant milestone for the industry. This collaboration will focus on identifying critical vulnerabilities within Usual’s codebase and reward developers who find solutions that pose a definitive risk of substantial fund loss or freezing exceeding one year without external factors influencing the outcome.