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Project Overview
USDD is a decentralized, overcollateralized stablecoin pegged 1:1 to the US dollar. It boasts excellent stability and transparency, and is committed to driving the cryptocurrency ecosystem towards greater security, decentralization, and stability. USDD is compatible with various decentralized finance (DeFi) platforms, providing users with reliable and transparent asset options.
Tokenized Asset Liquidity Faces Challenges as Stablecoin Market Cap Reaches $306 Billion
Odaily reports: Alex Taaffe, Chief Revenue Officer of digital asset trading firm GSR, stated that the on-chain issuance of real-world assets (RWAs) continues to increase, but investor demand has yet to match, and the growing number of issuers and blockchains has further fragmented liquidity in the tokenized market.Mike Silagadze, founder and CEO of ether.fi, said that stablecoins facilitate cross-border transfers, but broader adoption depends on whether they can be used for everyday spending; Yvonne Chia, Head of Communications at USDD, believes that issuers should prioritize improving user experience.The stablecoin market cap stands at $306 billion, up approximately 2% year-over-year and about 74% over the past 12 months. Ilya Podoynitsyn, co-founder and CEO of FinHarbor, pointed out that service providers still need to address regulatory requirements across different jurisdictions and adjust their infrastructure and compliance systems.Miguel Morel, founder and CEO of blockchain analytics firm Arkham Intelligence, said that on-chain data can be used to assess counterparty risk and the source of client deposits. Pulkit Gupta of Nomad Capital noted that crypto market liquidity has been relatively weak over the past three months, making it more difficult to exit altcoin investments. (Cointelegraph)
Suspected Ledger Hacker Transfers 430.2 ETH to Tornado Cash
According to Onchain Lens monitoring, the suspected hacker behind the reported $90 million Ledger reseller incident has deposited 430.2 ETH, worth $1.07 million, into Tornado Cash through 4 wallets. After Tether froze the related funds, the hacker swapped USDT for USDD through SUN.io and USDD's PSM, with some funds also flowing into Binance hot wallets.The hacker's wallet tracked by Arkham currently holds a total of $70.6 million in assets, including 11,406 ETH worth $28.35 million; 213.371 BTC worth $17.65 million; 13.646 million USDD worth $13.65 million; and 10.909 million USDT worth $10.91 million. Onchain Lens is calling on Binance to investigate these transfers and freeze accounts associated with the stolen funds as soon as possible.
USDD leads weekly market cap growth with a $180.3 million increase, while Sky and United Stables enter the top five.
Report data shows that USDD's weekly market cap increase significantly leads other major comparable stablecoin projects, reflecting its recent rapid expansion in circulating supply. All data in the report is sourced from Token Terminal, providing the latest insights into recent capital inflows and changes in issuance scale within the stablecoin market.
Hacker targeting resale Ledger devices transfers over $270,000 to Binance and deposits 430.2 ETH into Tornado Cash for mixing.
According to on-chain analyst Onchain Lens (@OnchainLens), the hacker associated with the $90 million Ledger reseller incident has cumulatively deposited approximately $270,300 into Binance, including 256.57K USDT and 41.12K TRX (about $13,700), with the majority of funds already transferred to Binance's hot wallet. Previously, the hacker also used four wallets to deposit 430.2 ETH (approximately $1.07 million) into Tornado Cash for mixing, and converted USDT to USDD to evade Tether's fund freeze.
Suspected Ledger Hacker Transfers 430.2 ETH to Tornado Cash
According to Onchain Lens monitoring, the suspected hacker behind the reported $90 million Ledger reseller incident has deposited 430.2 ETH, worth $1.07 million, into Tornado Cash through 4 wallets. After Tether froze the related funds, the hacker swapped USDT for USDD through SUN.io and USDD's PSM, with some funds also flowing into Binance hot wallets.The hacker's wallet tracked by Arkham currently holds a total of $70.6 million in assets, including 11,406 ETH worth $28.35 million; 213.371 BTC worth $17.65 million; 13.646 million USDD worth $13.65 million; and 10.909 million USDT worth $10.91 million. Onchain Lens is calling on Binance to investigate these transfers and freeze accounts associated with the stolen funds as soon as possible.
Analyst: Address poisoning attacks on Tron have resulted in 15 victims losing $9.4 million over the past 4 weeks
Odaily News: On-chain analyst Specter has disclosed that a series of address poisoning attacks on the Tron network over the past 4 weeks have caused 15 victims to lose approximately $9.4 million in total. Among them, two victims each had $2.5 million stolen, while another lost $2 million. After succeeding, the attackers quickly converted all stolen assets into the stablecoin USDD and transferred them to a collection address, where all funds currently remain. Specter calls on wallet service providers in the Tron ecosystem to implement interception measures as soon as possible and reminds users to carefully verify addresses when making transfers.
TRON DeFi Summer Season 2 Kicks Off, Participate in USDD Rewards Event to Share $900,000 in Rewards
Decentralized stablecoin USDD announces that with the launch of TRON DeFi Summer Season 2, its Summer Earn Plan launched jointly with Binance Wallet and JustLend DAO is now live. The event runs from today until October 4, 07:59 (Singapore Time), and participating users can share a total reward of $900,000. Specifically, users who complete designated deposits or subscribe to designated event vault assets via Binance Wallet can share a TRX exclusive airdrop worth $300,000; by subscribing to USDD via JustLend, in addition to enjoying the base APR, users can also participate in sharing a 600,000 USDD reward pool, with no upper limit on user participation amounts.
TRON DeFi Summer Drives Explosive Growth: USDD TVL on JustLend DAO Surpasses $400 Million
Decentralized stablecoin USDD announced that within 48 hours of the launch of the TRON DeFi Summer event, it has attracted over $100 million in net capital inflows, driving the TVL of USDD on JustLend DAO to surpass the $400 million mark, with current growth momentum remaining strong. According to previous reports, TRON DeFi Summer officially launched on July 6. USDD, together with JustLend DAO and Binance Wallet, launched the Summer Earn Plan, offering participating users a total reward of $900,000. The event runs from now until August 5 at 07:59 (Singapore Time). Specifically, users who subscribe to USDD via JustLend DAO can not only enjoy the base APY but also participate in sharing a prize pool of 600,000 USDD.
Hacker targeting resale Ledger devices transfers over $270,000 to Binance and deposits 430.2 ETH into Tornado Cash for mixing.
According to on-chain analyst Onchain Lens (@OnchainLens), the hacker associated with the $90 million Ledger reseller incident has cumulatively deposited approximately $270,300 into Binance, including 256.57K USDT and 41.12K TRX (about $13,700), with the majority of funds already transferred to Binance's hot wallet. Previously, the hacker also used four wallets to deposit 430.2 ETH (approximately $1.07 million) into Tornado Cash for mixing, and converted USDT to USDD to evade Tether's fund freeze.
Suspected Ledger Hacker Transfers 430.2 ETH to Tornado Cash
According to Onchain Lens monitoring, the suspected hacker behind the reported $90 million Ledger reseller incident has deposited 430.2 ETH, worth $1.07 million, into Tornado Cash through 4 wallets. After Tether froze the related funds, the hacker swapped USDT for USDD through SUN.io and USDD's PSM, with some funds also flowing into Binance hot wallets.The hacker's wallet tracked by Arkham currently holds a total of $70.6 million in assets, including 11,406 ETH worth $28.35 million; 213.371 BTC worth $17.65 million; 13.646 million USDD worth $13.65 million; and 10.909 million USDT worth $10.91 million. Onchain Lens is calling on Binance to investigate these transfers and freeze accounts associated with the stolen funds as soon as possible.
Analyst: Address poisoning attacks on Tron have resulted in 15 victims losing $9.4 million over the past 4 weeks
Odaily News: On-chain analyst Specter has disclosed that a series of address poisoning attacks on the Tron network over the past 4 weeks have caused 15 victims to lose approximately $9.4 million in total. Among them, two victims each had $2.5 million stolen, while another lost $2 million. After succeeding, the attackers quickly converted all stolen assets into the stablecoin USDD and transferred them to a collection address, where all funds currently remain. Specter calls on wallet service providers in the Tron ecosystem to implement interception measures as soon as possible and reminds users to carefully verify addresses when making transfers.
USDD Releases Q3 2026 Treasury Report: $9.7 Million in Revenue, Treasury Balance Exceeds $30 Million
Decentralized stablecoin USDD released its Q3 2026 treasury report. The data shows that USDD's total treasury revenue for the quarter was $9.7 million, up 26.7% quarter-over-quarter; expenditures totaled $7,601; net profit reached approximately $9.7 million; the treasury balance climbed to $31.24 million, surpassing the $30 million milestone for the first time and setting a new all-time high.
GasFree Users Exceed 500,000: TRC-20 Token Transfers Made More Convenient Without Holding TRX
GasFree has announced that its user base has reached 500,871, cumulatively supporting over 500,000 transfers. Powered by GasFree, users can pay transaction fees directly with USDT without needing to hold TRX as gas; this capability has been extended to USDD, and Binance Web3 Wallet also supports GasFree-powered TRC-20 token transfers. No need to prepare extra TRX or worry about gas fees—GasFree is making on-chain transfers more streamlined and seamless.
GasFree Surpasses 450,000 Users as TRON Ecosystem Influence Continues to Expand
Latest data shows that the number of GasFree users has exceeded 450,000, reaching 450,392. This milestone marks the continued expansion of this transfer tool's influence within the TRON ecosystem. From initially supporting USDT transfers, GasFree has now added support for USDD, giving users more asset transfer options on the TRON network. Users no longer need to worry about holding TRX to pay on-chain fees, which further reduces the operational threshold and cost burden for transfers. Product features continue to expand, yet the core philosophy remains simple: making on-chain transfers easier to use. As the user base grows steadily and supported assets become increasingly diverse, GasFree is becoming a convenient choice for more users for their daily on-chain operations.
USDD Releases August 2026 Monthly Transparency Report: Circulation Reaches 1.53 Billion, Smart Allocator Monthly Yield Up 13.6% QoQ
Odaily News - Recently, the decentralized stablecoin USDD released its August 2026 monthly transparency report. The report shows that as of August 31, USDD's circulation stood at approximately 1.53 billion tokens, with reserve assets reaching $2.26 billion and a collateralization ratio of 147.96%. The overall operation remains stable, the ecosystem continues to expand, and utility is steadily increasing.It is reported that during August, USDD Vault was officially expanded to the Ethereum ecosystem, allowing users to mint USDD using ETH and WBTC as collateral assets. The GasFree transfer feature added support for USDD, enabling zero-gas transfers on the TRON network. Additionally, deepened collaborations with platforms such as Binance Wallet, Gate DEX, and Pendle have further enriched yield-generating scenarios. Smart Allocator's cumulative earnings reached $26.738 million, with monthly new earnings of $3.015 million, representing a 13.6% quarter-over-quarter increase.The report comprehensively discloses USDD's reserve structure, yield operations, treasury health, and ecosystem progress, continuously reinforcing its over-collateralization and fully on-chain transparency mechanisms. According to officials, the project will continue its growth momentum, further expanding the ecosystem, enhancing utility, and deepening integrations with mainstream DeFi protocols to create more opportunities for users to participate in the ecosystem.
USDD × Pendle First Incentive Campaign Successfully Concludes, Second Phase Increased to $600,000 Officially Launched
Decentralized stablecoin USDD announced that the initial incentive campaign for the sUSDD market, developed in collaboration with Pendle, has successfully concluded, and the second phase of incentives has been launched simultaneously. During the first phase, USDD provided over $300,000 in reward subsidies to the market, with the Pendle sUSDD market reaching a peak total value locked (TVL) of nearly $40 million, while the fixed yield for PT tokens consistently remained above 7%. USDD has officially announced that the total reward value for the second phase will increase to $600,000, doubling the amount from Phase 1. The campaign supports users in achieving higher yields through loop lending strategies and runs from August 27, 2026, to November 26, 2026, spanning 91 days. Users can seamlessly carry over their positions from the first phase to continue participating in compounding strategies.
USDD officially launches Vault functionality on Ethereum, supporting ETH and WBTC collateralized minting.
Multi-chain decentralized overcollateralized stablecoin USDD has officially launched its Vault feature on Ethereum, enabling users to mint USDD using ETH and WBTC as core collateral assets. This upgrade further expands upon the previously launched TRON chain Vault, signaling that the USDD Vault module has officially entered a dual-chain driven phase with ETH and BTC as the dual-core mainstream collateral assets, providing more entry points for mainstream asset holders to participate in the USDD ecosystem.
Related news
USDD leads weekly market cap growth with a $180.3 million increase, while Sky and United Stables enter the top five.
Report data shows that USDD's weekly market cap increase significantly leads other major comparable stablecoin projects, reflecting its recent rapid expansion in circulating supply. All data in the report is sourced from Token Terminal, providing the latest insights into recent capital inflows and changes in issuance scale within the stablecoin market.
USDD Releases Q3 2026 Treasury Report: $9.7 Million in Revenue, Treasury Balance Exceeds $30 Million
Decentralized stablecoin USDD released its Q3 2026 treasury report. The data shows that USDD's total treasury revenue for the quarter was $9.7 million, up 26.7% quarter-over-quarter; expenditures totaled $7,601; net profit reached approximately $9.7 million; the treasury balance climbed to $31.24 million, surpassing the $30 million milestone for the first time and setting a new all-time high.
USDD Adds Additional Incentives to Gate DEX Bonus Campaign, Total Prize Pool Increased to 154,000 USDD
Decentralized stablecoin USDD announced that it will add 16,000 USDD in rewards to the ongoing Gate DEX Bonus campaign across both Ethereum and BNB Chain, increasing the total prize pool to 154,000 USDD. The enhanced campaign runs from 18:00 Singapore Time on October 18 to 18:00 on November 27. On the Ethereum chain, the daily reward increases from 1,000 USDD to 1,200 USDD, bringing the total prize pool to 68,000 USDD; on the BNB Chain, the daily reward increases from 1,300 USDD to 1,500 USDD, bringing the total prize pool to 86,000 USDD. Previously, on September 28, USDD announced a new dual-chain Bonus event jointly launched with Gate DEX, running from that date until November 27. The official notice indicates that users can participate via the Gate DEX-Earn-Stablecoins-Bonus section. Existing user earnings will be seamlessly carried over automatically, and participants are reminded to ensure their wallets have sufficient BNB or ETH for gas fees.
Tokenized Asset Liquidity Faces Challenges as Stablecoin Market Cap Reaches $306 Billion
Odaily reports: Alex Taaffe, Chief Revenue Officer of digital asset trading firm GSR, stated that the on-chain issuance of real-world assets (RWAs) continues to increase, but investor demand has yet to match, and the growing number of issuers and blockchains has further fragmented liquidity in the tokenized market.Mike Silagadze, founder and CEO of ether.fi, said that stablecoins facilitate cross-border transfers, but broader adoption depends on whether they can be used for everyday spending; Yvonne Chia, Head of Communications at USDD, believes that issuers should prioritize improving user experience.The stablecoin market cap stands at $306 billion, up approximately 2% year-over-year and about 74% over the past 12 months. Ilya Podoynitsyn, co-founder and CEO of FinHarbor, pointed out that service providers still need to address regulatory requirements across different jurisdictions and adjust their infrastructure and compliance systems.Miguel Morel, founder and CEO of blockchain analytics firm Arkham Intelligence, said that on-chain data can be used to assess counterparty risk and the source of client deposits. Pulkit Gupta of Nomad Capital noted that crypto market liquidity has been relatively weak over the past three months, making it more difficult to exit altcoin investments. (Cointelegraph)
GasFree Users Exceed 500,000: TRC-20 Token Transfers Made More Convenient Without Holding TRX
GasFree has announced that its user base has reached 500,871, cumulatively supporting over 500,000 transfers. Powered by GasFree, users can pay transaction fees directly with USDT without needing to hold TRX as gas; this capability has been extended to USDD, and Binance Web3 Wallet also supports GasFree-powered TRC-20 token transfers. No need to prepare extra TRX or worry about gas fees—GasFree is making on-chain transfers more streamlined and seamless.
USDD circulating supply and TVL hit new highs again, surpassing 1.81 billion and $2.51 billion, respectively.
According to official announcements, the total circulating supply of the decentralized stablecoin USDD and the protocol TVL have both set new all-time highs. Specifically, USDD's circulating supply has exceeded 1.81 billion tokens, while the protocol TVL has surpassed $2.51 billion, just four days after reaching its previous milestone. Reports indicate that this recent growth is gaining synchronized momentum across multiple chains. The TRON network continues to demonstrate strong expansion with a circulating supply surpassing 1.3 billion tokens; Ethereum's circulating supply has already exceeded 450 million tokens; and the BNB Chain ecosystem is steadily expanding with more than 21 million tokens. Under the continuous prosperity of its ecosystem and the sustained expansion of application scenarios, USDD's multi-chain growth momentum is further becoming apparent.