Data: sUSDD TVL breaks 1 million USD, offering 12% APY savings yield

ChainCatcher news, according to official sources, the total locked value (TVL) of the decentralized stablecoin USDD's interest-bearing token sUSDD has surpassed 1 million USD.

It is reported that sUSDD was officially launched on October 6, providing a decentralized and transparent savings system. Users can convert USDD into sUSDD, and after depositing, they can automatically enjoy an annual percentage yield (APY) of 12% without the need for staking or locking up their assets, achieving asset appreciation.

The official stated that the launch of sUSDD makes saving crypto assets more accessible, safer, and friendlier, marking a new chapter in DeFi.