A post on X indicated that the USDD stablecoin issued by TRON DAO currently has a TVL of 409.71 million USD, surpassing the total supply of 374.05 million USD — a rare sign of high market confidence as the amount of assets locked exceeds the issuance.
USDD stands out with an APY of up to 20% for stakers, along with features such as cross-chain support, a staking mechanism, and ecosystem integration. Although it has a similar algorithmic design to Terra’s UST, USDD focuses on real utility rather than creating hype.
On-chain data shows that the acceptance of USDD is steadily increasing without the need for a large media campaign. However, the controversial past of TRON and Justin Sun still raises questions among some investors about the long-term stability of the project.
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