USDD has achieved significant milestones in its first year of upgrades, with its total value locked (TVL) surpassing $1 billion, according to reports by Messari and TechFlow DeepTide. The stablecoin's growth is attributed to its multi-chain deployment and sustainable revenue model, which have positioned it among the top ten stablecoins. USDD's strategy focuses on offering higher-than-average savings yields through USDD Earn and sUSDD, with sUSDD's TVL exceeding $310 million.
The upgrade has transitioned USDD from an algorithmic model to an over-collateralized model, enhancing stability and user confidence. The Smart Allocator has generated over $9 million in cumulative earnings, reinforcing USDD's reputation as a yield-bearing USDT. With 462,000 unique wallet addresses, USDD demonstrates a strong user base and is poised to become a solid financial infrastructure through ecosystem integration and community governance.
USDD Surpasses $1 Billion in TVL, Celebrated for One-Year Upgrade Success
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
