Gate News reports that on March 30, the official website shows that the total value locked (TVL) of the decentralized stablecoin USDD has surpassed $1.93 billion, increasing by about $500 million in a week, once again setting a historical high. According to CMC rankings, USDD currently ranks 9th in the stablecoin market with a circulation of $1.408 billion, just behind RLUSD ($1.41 billion). USDD is a multi-chain decentralized over-collateralized stablecoin launched by the TRON ecosystem and has been issued simultaneously on the TRON network, Ethereum, and BNB Chain. In its mechanism design, USDD establishes a dual security guarantee of “over-collateralization + PSM 1:1 exchange,” and continues to attract capital inflows through seamless compatibility with major DeFi protocols and advantages of multi-chain layout.
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