USDD Stablecoin Achieves Record TVL and Circulation

The total value locked (TVL) of the multi-chain decentralized over-collateralized stablecoin USDD has surpassed $2 billion, with its circulation reaching $1.53 billion, setting new records. According to ChainCatcher, this simultaneous growth in TVL and circulation reflects the market's increasing confidence in its stability and application scenarios. In the previous week, USDD's TVL jumped from $1.45 billion to $1.93 billion, continuing its momentum and reinforcing its market position as an interest-bearing version of USDT. As an over-collateralized stablecoin issued across multiple chains, USDD leverages a dual mechanism of over-collateralization and PSM 1:1 exchange, along with cross-chain compatibility, to demonstrate strong stability and user appeal amid market fluctuations.