Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$96.49KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $96.49K | -- | -- | -- |
| Sep 2026 | $240.76K | -- | -- | -- |
| Aug 2026 | $535.68K | -- | -- | -- |
| Jul 2026 | $528.14K | -- | -- | -- |
| Jun 2026 | $458.05K | -- | -- | -- |
| May 2026 | $499.83K | -- | -- | -- |
Comparison
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| No Data | ||||
Follow Updates
About USDD
USDD is a decentralized overcollateralized stablecoin native to the TRON ecosystem, also deployed on Ethereum and BNB Chain. Its core business allows users to mint USDD by depositing mainstream assets such as ETH and WBTC through Vaults, while sUSDD (staked USDD) generates sustainable yield via the Smart Allocator, which allocates idle collateral into mature DeFi protocols. The protocol maintains a 1:1 USD peg through a PSM (Peg Stability Module) that enables zero-slippage swaps between USDD and USDT/USDC.
USDD addresses key market pain points: centralization risks of fiat-backed stablecoins (opaque reserves, single-point failure), lack of native yield for stablecoin holders, and fragmented liquidity across chains. Its competitive edge lies in full-chain transparency (collateral and allocations verifiable on-chain), multi-chain native deployment without bridge risks, and a dual-collateral system (ETH + BTC) that enhances robustness.
In the past six months (2026-03-04 to 2026-09-04), USDD reported Q2 treasury revenue of $7.66 million (up 21.6% QoQ), with net profit of $7.63 million and operating expenses reduced to $24,800. The protocol integrated Chainlink price feeds for reliable cross-chain pricing, launched Vault functionality on Ethereum supporting ETH and WBTC collateral, and maintained a TVL of approximately $2.23 billion with a circulation of 1.49 billion USDD. No major security incidents occurred during this period.
USDD was initially driven by the TRON DAO Reserve as an early algorithmic stablecoin. In January 2025, after an architecture upgrade, it transitioned to a community-driven overcollateralization system, maintaining collateralization ratios above 146% with 100% on-chain verifiable reserves. In April 2026, supply peaked at 1.558 billion, backed by $2.16 billion in collateral (146% ratio); the same month added WBTC Vaults, allowing BTC-backed minting on TRON, reducing reliance on endogenous assets and diversifying reserves. Smart Allocator has distributed over $14.81 million in revenue across protocols such as Spark, Morpho, and JustLend DAO, forming a value feedback loop. USDD is deployed on TRON, BNB Chain, and Ethereum, and publishes quarterly treasury data via the USDD Treasury Dashboard; in April it added MCP support, enabling AI agents to read on-chain data directly, laying groundwork for AI-agent economies and DeFi infrastructure.
In the past six months, USDD saw no major negative factors; positives centered on revenue, ecosystem, and yield capabilities. In Q2 2026, total revenue was $7.66M, up 21.6% QoQ, net profit $7.63M, operating expenses down to $24.8K, and total treasury balance $21.54M. From June to August, collateral ratio stayed at 142%-149%, reserve assets reached $2.26B, circulation peaked at $1.58B, with 100% on-chain transparency. Smart Allocator cumulative earnings reached $26.738M, monthly new earnings $3.015M, up 13.6% QoQ; users can stake USDD or hold sUSDD for interest, with ETH/BNB Savings TVL growing. Major progress: Vault expanded to Ethereum, supporting ETH and WBTC as collateral for minting, forming a TRON+Ethereum dual-chain structure; deepened cooperation with Binance Wallet, Pendle, Morpho; TRON DeFi Summer saw TVL net increase over $100M in 48 hours, and USDD TVL on JustLend exceeded $450M.
Justin Sun (Sun Yuchen) is the founder of TRON and the core leader behind USDD. He founded TRON in 2017 and serves as its CEO. USDD is managed by TRON DAO, with Justin Sun as the primary decision-maker. He also serves as a global advisor to HTX and previously held roles as Grenada's WTO ambassador. No other co-founders or core executives are publicly confirmed.