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USDD
USDDpeggedUSD
crypto-backed
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DeFiLlama peggedUSD Stable·1 $US·1,1 Md $US mcap·4 chains

Profil du Stablecoin

USDD (USDD) est un stablecoin collatéralisé en crypto : les utilisateurs frappent USDD en verrouillant d'autres crypto-actifs en surcollatéral, avec 1,1 Md $US actuellement en circulation sur 4 réseaux blockchain. L'ancrage à USD est maintenu via des enchères de liquidation lorsque la valeur du collatéral tombe sous les seuils requis. Source de prix obtenue via defillama.

Ancré à
USD
Modèle de stabilisation
Collatéralisé en crypto
Source de prix
defillama

À propos de USDD (USDD)

USDD is a decentralized, over-collateralized stablecoin that is designed to be pegged 1:1 to the US dollar with enhanced stability and transparency.

Comment fonctionnent l'émission et le rachat

Users can stake assets like TRX, sTRX or USDT to mint USDD. The minimum collateral ratio differs according to vault and collateral type.

Émetteur et attestation

USDD (USDD) is issued by TRON DAO Reserve, operating under Decentralised reserve associated with the TRON ecosystem. Originally launched in 2022.

Émetteur
TRON DAO Reserve
Juridiction
Decentralised reserve associated with the TRON ecosystem
Fondée
2022

Composition des réserves

Originally launched as an algorithmic stablecoin similar in design to UST. Has since been over-collateralised with USDT, USDC, TRX, BTC and other crypto assets held in the TRON DAO Reserve.

Événements notables d'ancrage

USDD briefly traded below $0.98 in June 2022 following the Terra/UST collapse but did not enter a hyperinflationary spiral.

Rapports d'attestation des réserves

Les informations sur l'émetteur sont compilées à partir de divulgations publiques, de dépôts réglementaires NYDFS / BMA et de rapports d'attestation de source primaire. Vérifiez toujours directement auprès de l'émetteur avant toute décision.

Activité récente de l'offre

USDD (USDD) supply expanded by 16,7 M $US (+1.55%) in the last 24 hours, expanded by 39 M $US (+3.69%) over the past week, and expanded by 48,6 M $US (+4.64%) over the past 30 days.

Variation 24h
+16,7 M $US
+1.55%
Variation 7j
+39 M $US
+3.69%
Variation 30j
+48,6 M $US
+4.64%

Modest growth: net issuance is positive at 4.64% over the past month, indicating gradual demand uptake.

Historique de l'Offre

Network distribution

USDD circulates across 4 blockchain networks. Tron hosts the largest share at 66.48%, followed by Ethereum at 32.36%. BSC has shown the strongest 30-day growth at +7.58%, suggesting fresh issuance or bridge inflows on that chain.

ChaîneOffrePart24h Δ30d Δ
Tron728,2 M $US66.48%-0.32%+3.24%
Ethereum354,5 M $US32.36%+5.49%+7.52%
BSC12,7 M $US1.16%+5.09%+7.58%
Bittorrent3,8 k $US0.00%0.00%+0.36%

Historique de stabilité de l'ancrage

As a crypto-collateralised stablecoin, USDD (USDD) maintains its 1.00 USD target by holding excess on-chain collateral and routing redemptions through automated liquidation auctions. Spot price is currently $1.0003 (+0.029%); short-term excursions are normal in this range are typically arbitraged away within hours via the protocol's open mint/redeem mechanics.

Prix actuel
$1.0003
Écart par rapport au peg
+0.029%
Bande de stabilité
Étroite (±0,1 %)

Comment les stablecoins crypto-collateralised défendent leur ancrage

Crypto-collateralised stablecoins like this one over-collateralise positions — borrowers must lock more than $1.00 of crypto for each $1.00 of stablecoin minted. If collateral value falls below the required ratio, the position is automatically liquidated in an open Dutch auction. Arbitrageurs can always mint and redeem against the protocol's contracts, which keeps the secondary-market price tightly bounded around $1.00. The main residual risks are sudden crypto-collateral crashes that outpace the liquidation engine, and oracle failure.

Implications pratiques pour les détenteurs

  • Collateral volatility is the dominant risk: a fast drawdown in the collateral asset can outpace liquidation auctions and leave the protocol under-collateralised.
  • Oracle risk: the protocol relies on price feeds (typically Chainlink or a multi-oracle setup). Oracle manipulation or delay during volatile markets has historically caused peg excursions.
  • Governance risk: parameter changes (collateral types, liquidation ratios, debt ceilings) are decided by token-holder votes. Sudden governance attacks remain a tail risk.
  • On-chain transparency is a major advantage — collateral is verifiable 24/7 without trusting an attestor.
  • Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).

Peg-stability commentary is based on the mechanism class (crypto-collateralised) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.

Adresses de contrat

USDD (USDD) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.

ChaîneAdresse du contratVérifier
EthereumTXDk8mbtRbXeYuMNS83CfKPaYYT8XWv9HzExplorateur

Les adresses de contrat proviennent du profil stablecoin de DeFiLlama. Certaines chaînes (Tron, Solana, Aptos, Sui) utilisent des formats d'adresse non EVM. Le lien « Explorateur » ouvre l'explorateur de blocs officiel de la chaîne concernée ; nous ne renvoyons pas vers des explorateurs tiers susceptibles d'afficher des données modifiées.

Comparer USDD à d'autres stablecoins crypto-collateralised

Below are the largest crypto-collateralised stablecoins tracked on Mantapex alongside USDD (USDD). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.

StablecoinOffreMécanismeChaînes
Sky Dollar (USDS)8,4 Md $UScrypto-backed6
Ethena USDe (USDe)5,9 Md $UScrypto-backed23
Dai (DAI)4,6 Md $UScrypto-backed48
Falcon USD (USDf)1,6 Md $UScrypto-backed2
United Stables (U)1 Md $UScrypto-backed2

Entre les classes de mécanismes

If you're researching USDD as part of a broader stablecoin allocation, it's worth comparing it across mechanism classes — each design has different counterparty, custody, and tail-risk profiles.

Stabilité du Peg

Distribution par Chaîne

Ressources et sources de données

USDD (USDD) is tracked across major crypto data providers. The links below open USDD (USDD)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.

Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.

Actualités récentes sur USDD

Latest reporting from major crypto news outlets covering USDD.

Stablecoins associées

Stablecoins comparable to USDD by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.

Avertissement de Risque

Les stablecoins comportent des risques, notamment la dé-peggisation, les changements réglementaires et le risque de contrepartie. Diversifiez toujours et faites vos propres recherches.