On May 9, the decentralized stablecoin USDD released its monthly transparency report for April 2026. The report fully disclosed the supply volume, reserve assets, Smart Allocator earnings, treasury data, and key ecosystem developments for the month, further demonstrating USDD’s unwavering commitment to transparency, stability, and sustainable growth.
The report indicates that USDD maintained its over-collateralized stability mechanism throughout the month, operating steadily with continued improvements in reserve transparency. Moving forward, efforts will focus on strengthening stability, optimizing the yield system, enhancing transparency, and expanding the ecosystem. Building on over-collateralization as the foundation and on-chain transparency as the standard, with ecosystem growth as the driving force, USDD is committed to becoming a trusted stablecoin infrastructure for AI Agent economies and decentralized finance applications.
Key metrics shine as scale and resilience grow together
According to the reported data, the supply of USDD has steadily increased, reaching a monthly peak of $1.558 billion, an approximate 10.87% rise since the end of March; as of April 30, 2026, the value of collateral assets reached $2.16 billion, with an overall collateralization ratio of 146% at month-end, providing approximately $1.46 in asset backing for every 1 USDD, maintaining adequate safety buffers. The Smart Allocator generated over $2.46 million in additional income during the month, distributing a cumulative total of over $14.81 million in earnings to users.
Additionally, the USDD treasury's Q1 revenue reached $6.3 million, a 66.6% increase quarter-over-quarter, while expenses amounted to $160,000, a 51.6% decrease quarter-over-quarter.
Optimized reserve structure with further enhanced multi-asset allocation
On April 8, USDD added two WBTC vaults, enabling users to mint USDD on the TRON chain by collateralizing BTC. This significant upgrade substantially increases the proportion of non-native collateral assets, enhances the diversification of reserve holdings, and strengthens the system’s stability during market volatility.
All core reserve assets, including TRX, sTRX, USDT, and others, are 100% real-time verifiable via public on-chain addresses, allowing the community to check balances and fund flows at any time using a blockchain explorer.
Yield capacity is steadily growing, with continuous value returned to the ecosystem.
As a key revenue-sharing mechanism for USDD, the Smart Allocator has generated a cumulative profit of $16.246 million by the end of April, with approximately $2.4675 million in new earnings added in April. Funds are diversified across leading DeFi protocols such as Spark, Morpho, and JustLend DAO, and are dynamically adjusted based on market conditions.
Additionally, according to the Q1 treasury data disclosed in April 2026, total treasury revenue amounted to $6.3 million, representing a 66.6% increase quarter-over-quarter; treasury expenditures were $160,000, a 51.6% decrease quarter-over-quarter; and the treasury balance stood at $13.91 million, up 77.9% quarter-over-quarter.
Earnings generated by USDD through the Smart Allocator are continuously used for ecosystem incentives. As of Q1 2026, approximately $14.81 million in rewards have been distributed to community users, with plans to further allocate earnings toward risk mitigation, product expansion, and system stability enhancements.
Enhanced transparency to become AI and DeFi infrastructure
USDD continues to enhance transparency, providing real-time on-chain data through the official website’s data dashboard (https://usdd.io/data) and the Smart Allocator page (https://usdd.io/sa). In April, USDD added support for the MCP function and machine-readable documentation designed for LLMs, enabling AI agents to interact directly with USDD’s core modules, further improving data accessibility and automation capabilities.
The USDD team emphasized in its report that it will continue to build on over-collateralization and on-chain transparency, deepen its multi-chain strategy, and optimize its yield system, aiming to become a trusted stablecoin infrastructure for AI Agent economies and decentralized finance scenarios.