StandX's debut saw its DUSD stablecoin achieve a total value locked (TVL) exceeding $176 million, with 90% of this on the Binance Smart Chain (BSC). The 24-hour trading volume reached over $55 million. While this volume trails behind some competitors in the DeFi space, early growth stages are common, as seen with platforms like Hyperliquid. DUSD, a yield-bearing stablecoin within the StandX ecosystem, serves as both collateral and an airdrop token. It currently ranks 33rd among all stablecoins by TVL, marking a promising start for the new entrant.