BlockBeats news: On January 27, decentralized stablecoin USDD marked the one-year anniversary of its 2.0 upgrade, which was completed on January 25, 2024. According to official data, since the upgrade, the protocol's total value locked (TVL) has exceeded $1.4 billion, with a circulating supply surpassing $1.1 billion. The yield-generating version, sUSDD, has a TVL of over $324 million. The project has reached 462,000+ wallet addresses, and its Smart Allocator has generated cumulative earnings of more than $9.5 million. Throughout the year, the project has distributed approximately $20 million in earnings and subsidies to the community.
To celebrate its anniversary and TVL milestones, USDD is launching a community event with a total prize pool of 5,000 USDD. The event includes community co-creation activities (proposal suggestions, story sharing, AMA series) and joint reward programs with ecosystem partners, starting on January 26, 2026. In the future, USDD will continue its transition from incentive-driven growth to real usage-driven growth, introducing a points program, DAO governance, and product iterations.
Official statements said, "A $1 billion TVL is just the beginning. USDD will continue to prioritize security, transparency, and sustainability to drive DeFi innovation."