Stablecoin USDD Ecosystem Overview: $900 Million TVL, 20+ Partners, and a Mature Multi-Chain Roadmap

NonFungibleDegen · 2026-01-06T08:04:15+00:00

USDD experienced significant development last year. After upgrading to version 2.0, the TVL reached $900 million, the supply exceeded 860 million, the number of holding addresses was 459,000, and distribution rewards and subsidies exceeded $20 million. The ecosystem is widely deployed, with deployments on multiple mainstream public chains. Looking ahead, the focus will shift from incentive-driven to real usage-driven to promote the sustainable development of the industry.

NonFungibleDegen

2026-01-06 08:04:15

Abstract generation in progress

【ChainNews】Last year, USDD had quite a lively time. After upgrading to version 2.0, the data growth did not disappoint—protocol TVL peaked at $900 million, supply exceeded 860 million tokens, and the number of holding addresses reached 459,000. Just the various rewards and subsidies distributed to the community amounted to over $20 million.

The ecosystem has also been extensively developed. By Q4 last year, USDD was natively deployed on major public chains such as TRON, Ethereum, and BNB Chain, supported by more than 20 exchanges, wallets, and DeFi protocols. It seems that it’s not just about impressive numbers; the ecosystem is indeed taking shape.

The official statement is quite straightforward: the past year was mainly a period of accumulation. Now, the ecosystem is steadily moving toward maturity, stability, and sustainable development. This year’s strategy will shift—gradually moving from incentive-driven to real usage-driven. In other words, subsidies will decrease, but actual users and application scenarios must truly grow. This transition is crucial for long-term healthy development.

USDD-0,01%

TRX-1,07%

ETH-1,72%

BNB-0,71%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
7
Repost
Share

Comment

0/400

MetaNomad

· 6h ago

The subsidy reduction part is a bit superficial. The claim that real usage drives it sounds good, but we'll see the true test when the data drops or not.

View OriginalReply0

AltcoinHunter

· 01-06 08:29

Once the subsidy is reduced, I have to exit... Listening to the so-called real-world usage driving sounds very advanced, but actually it just means there's no money left to burn.

View OriginalReply0

TokenAlchemist

· 01-06 08:26

$900m tvl sounds impressive until you realize how much of that's just recycled incentive farming... the real test is whether usage sticks when subsidies evaporate lol

Reply0

ETH_Maxi_Taxi

· 01-06 08:23

9 billion USD TVL sounds good, but I don't know how many are real users vs. arbitrageurs... When subsidies are reduced, we'll see the true picture.

View OriginalReply0

LightningPacketLoss

· 01-06 08:20

With subsidies decreasing, can we really retain people? It feels like the hype generated solely by pouring 20 million is a bit superficial.

View OriginalReply0

AirdropAnxiety

· 01-06 08:19

$900 million TVL sounds good, but the key is whether people will still play after the subsidies are gone. --- Shifting from incentive-driven to real usage, in simple terms, it's about weaning off... surviving is the real skill. --- Over 20 million in subsidies have been spent, this number looks quite costly, is the ecosystem truly expanding or just built on spending? --- TRON, ETH, BSC are all in place, multi-chain strategy is indeed feasible, but the stablecoin track is too competitive. --- 45,900 holder addresses, how many of these are actually driven by subsidies... let's see the survival rate after the subsidies stop. --- It's been over a year since the 2.0 upgrade, is there any data on actual trading volume, or are we just looking at superficial metrics like TVL? --- Supported by more than 20 exchanges' wallets, sounds good, but how many people are actually using USDD for trading?

View OriginalReply0