u.today
Decenralized USD ($USDD), a stablecoin introduced by Tron's Justin Sun in 2022, approaches the $200 million milestone in net staking volume. The asset also targets the top 100 cryptocurrencies by market cap and already challenges some stablecoin heavyweights.
$USDD hits important staking milestone, Justin Sun says
Decentralized USD ($USDD), a Tron-based stablecoin pegged to the U.S. Dollar, hit the $170 million milestone in net staking volume. It means that over 23% of its total circulating supply is locked in staking dashboards as of February 2025.
$USDD has already surpassed $170 million in staking—$200 million isn't far away! 👏 pic.twitter.com/ryZYIKfQIt
— H.E. Justin Sun 🍌 (@justinsuntron) February 12, 2025
That was shared today, Feb. 12, 2025, by Justin Sun, founder of Tron, on his personal X (formerly Twitter) with 3.7 million followers.
Tron's founder also noticed that $200 million staked is the next milestone for the $USDD ecosystem and will be reached soon.
One week ago, on Feb. 5, Justin Sun introduced $USDD 2.0, an advanced version of the current stablecoin product. It will be equipped with enhanced peg stability protection.
Currently, $USDD can be staked with up to 20% in APY through various instruments, including the likes of Tron-linked centralized exchange HTX.
$USDD jumps to top 10 stablecoins, replaces Tether's XAUT
Justin Sun stressed that Decentralized USD ($USDD) addresses a number of DeFi use cases that USDT on Tron cannot fully cater to.
$USDD stablecoin is surging together the whole segment of stable cryptocurrencies. As of press time, its capitalization exceeds $730 million. It is the 10th largest stablecoin, responsible for 0.3% of the segment's total capitalization.
In recent weeks, $USDD's market cap surpassed that of Tether Gold (XAUT), the largest Gold-backed stablecoin by Tether Limited. $USDD is also just one step shy of entering the top 100 crypto assets by market cap.