The decentralized algorithmic stablecoin USDD has achieved a significant milestone, with its circulating supply exceeding $816 million and its Total Value Locked (TVL) surpassing $860 million. This growth signals increasing confidence and adoption within the decentralized finance (DeFi) ecosystem, as more users and protocols utilize USDD for trading, staking, and liquidity provision.
USDD, backed by the TRON DAO Reserve, is designed to maintain a stable value through an over-collateralization model, differentiating it from centralized stablecoins like USDT and USDC. Its stability and decentralized nature are becoming more appealing, especially as regulatory scrutiny on centralized stablecoins intensifies. The stablecoin is supported across multiple blockchains, including TRON, Ethereum, and BNB Chain, enhancing its accessibility and use cases.
Integration into key DeFi platforms on the TRON network, such as JustLend and SunSwap, is a primary driver of its TVL growth. These integrations allow users to earn yield, provide liquidity, and use USDD as collateral, creating a reinforcing cycle of capital deployment within the ecosystem.
Concurrently, the TRON DeFi ecosystem is experiencing strong momentum, highlighted by the flagship lending protocol JustLend DAO crossing $6.47 billion in TVL and serving over 480,000 users. This growth positions JustLend as a core pillar of TRON's DeFi landscape, attracting capital and fostering development of complementary applications. The surge in TVL for both USDD and JustLend reflects a broader trend of capital flowing back into proven DeFi protocols during a market recovery phase.
