USDD: Hits 1.53B Supply at 148% Collateral Ratio
USDD reaches 1.53 billion circulation with 2.26 billion reserves and 2.2 billion TVL, ranking top 13 globally as TRON's second-largest stablecoin via USDD 2.0 CDP mechanics.
SourceAnalysis
USDD now circulates 1.53 billion units backed by 2.26 billion dollars in reserves at 148 percent collateralization while protocol TVL sits at 2.2 billion dollars, making it TRON's second stablecoin after USDT and placing it inside the global top thirteen. Launched in 2022 after the algorithmic stablecoin collapse, the token shifted to overcollateralized vaults in USDD 2.0 during January 2025, allowing users to lock TRX, sTRX, USDT, ETH and WBTC before minting, with automated liquidations below safety thresholds. A Peg Stability Module enables one-to-one swaps with USDT and USDC while the Smart Allocator routes idle reserves into Spark, Aave and Morpho, generating 26.74 million dollars in cumulative yield and 3.02 million dollars last month alone. sUSDD accumulates returns through rising redemption rates and integrates with Pendle and Morpho, turning the asset into a composable yield instrument across native deployments on TRON, Ethereum and BNB Chain. The setup delivers verifiable on-chain reserves and sustainable income without perpetual subsidies, carving a distinct lane in the decentralized stablecoin market beyond simple usability.
Justin Sun 孙宇晨
@justinsuntronJustin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor