<ul><li>Stablecoin protocol Usual has launched a record-setting $16 million bug bounty programme in partnership with blockchain security firm Sherlock.</li><li>The bounty aims to identify critical codebase flaws that could result in the loss or freezing of funds.</li><li>Usual's $16 million bounty surpasses Uniswap's previous record of $15.5 million.</li><li>The initiative highlights the increasing focus on on-chain safety and the need for robust defense mechanisms in the crypto industry.</li></ul>

Usual launches $16 million bug bounty, setting a new benchmark in crypto security

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