【Crypto World】Decentralized stablecoin USDD has delivered an impressive performance over the past year. Since upgrading to version 2.0, the project’s key metrics have been continuously breaking new records.
In terms of data, the figures are indeed eye-catching—protocol TVL peaked at over $900 million, and circulating supply exceeded 860 million tokens, indicating increasing market recognition of its stablecoin mechanism. Holder addresses reached 459,000, showing a steadily expanding user base. More interestingly, the project has distributed approximately $20 million in various rewards and subsidies to the community, a common incentive model in the DeFi ecosystem, but few projects can sustain this scale.
The ecosystem deployment is also worth noting. By Q4 2025, USDD has been natively deployed on major public chains such as TRON, Ethereum, and BNB Chain, forming an ecosystem network that includes over 20 exchanges, wallets, and DeFi protocols. This multi-chain strategy helps mitigate the risks associated with reliance on a single chain.
The official stance has also shifted. They emphasize that the USDD ecosystem is entering a mature and stable development phase, with the next focus shifting from incentive-driven growth to real usage-driven growth. In simple terms, it’s no longer about piling on subsidies to grow, but about supporting through actual application scenarios. This kind of shift usually indicates that the project team has greater confidence in its fundamentals.
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GamefiGreenie
· 01-07 19:47
9 billion TVL sounds impressive, but how long can these subsidies last?
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LiquidatedDreams
· 01-07 15:48
9 billion TVL is indeed impressive, but what happens when the 20 million subsidy runs out?
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alpha_leaker
· 01-06 08:49
9 billion dollars in TVL sounds good, but we need to see how much is genuine demand versus hype-driven incentives.
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BlockchainArchaeologist
· 01-06 08:46
9 billion TVL looks good, but how long can this 20 million subsidy last?
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DegenWhisperer
· 01-06 08:34
9 billion TVL sounds impressive, but how long can this kind of incentive spending last?
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450,000 addresses sound like a lot, but how many are actually active...
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Cross-chain deployment sounds good, but the key is whether the actual trading volume can support it
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20 million in subsidies looks good on paper, but what about long-term sustainability?
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USDD's recent moves are definitely a combination punch, but competition among stablecoins is so fierce
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Wait, when was this data collected? Has there been any recent change?
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It feels like everyone is just burning money to generate data. What happens when the subsidies run out?
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Over 20 exchanges sound like a sizable scale, but is this true?
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TVL breaking 9 billion is good, but compared to USDC, it's still a little brother
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I just want to know when this thing can truly stabilize
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liquidation_watcher
· 01-06 08:21
9 billion TVL sounds good, but can subsidizing so much really be sustainable in the long run?
USDD Stablecoin Ecosystem Breakthrough: TVL Surpasses $900 Million, Cross-Chain Deployment Opens a New Chapter
【Crypto World】Decentralized stablecoin USDD has delivered an impressive performance over the past year. Since upgrading to version 2.0, the project’s key metrics have been continuously breaking new records.
In terms of data, the figures are indeed eye-catching—protocol TVL peaked at over $900 million, and circulating supply exceeded 860 million tokens, indicating increasing market recognition of its stablecoin mechanism. Holder addresses reached 459,000, showing a steadily expanding user base. More interestingly, the project has distributed approximately $20 million in various rewards and subsidies to the community, a common incentive model in the DeFi ecosystem, but few projects can sustain this scale.
The ecosystem deployment is also worth noting. By Q4 2025, USDD has been natively deployed on major public chains such as TRON, Ethereum, and BNB Chain, forming an ecosystem network that includes over 20 exchanges, wallets, and DeFi protocols. This multi-chain strategy helps mitigate the risks associated with reliance on a single chain.
The official stance has also shifted. They emphasize that the USDD ecosystem is entering a mature and stable development phase, with the next focus shifting from incentive-driven growth to real usage-driven growth. In simple terms, it’s no longer about piling on subsidies to grow, but about supporting through actual application scenarios. This kind of shift usually indicates that the project team has greater confidence in its fundamentals.