ChainCatcher report: According to on-chain analyst Stacy Muur, citing the latest data from DefiLlama, global stablecoin minting volume exceeded $12.9 billion over the past 30 days. Among these, the decentralized stablecoin USDD ranked 6th with $2.8 billion in minting volume, demonstrating strong growth momentum. Its robust performance follows DAI, USDC, USDS, and sUSDS, surpassing traditional stablecoins such as USDT, highlighting rising market demand for decentralized, over-collateralized stablecoins. As a decentralized, over-collateralized stablecoin within the TRON ecosystem, USDD is issued through over-collateralization of crypto assets such as TRX, sTRX, and USDT, featuring a transparent reserve mechanism and efficient liquidity management. On March 23, USDD’s TVL officially surpassed $1.45 billion, driven by its stable yield, positioning as a “yield-bearing USDT,” and multi-chain deployment model.
USDD ranks 6th in stablecoin minting volume with $2.8 billion in the last 30 days.
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Summary
On-chain data from ChainCatcher and DefiLlama shows global stablecoin minting reached $129 billion over 30 days. USDD ranked sixth with $2.8 billion, surpassing USDT. The TRON-based stablecoin uses TRX, sTRX, and USDT as collateral. Its TVL reached $1.45 billion on March 23, driven by yield stability and multi-chain expansion. Recent inflation data underscores rising demand for decentralized stablecoins.
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