USDD 2025 Annual Review: Aiming for Billions, Sustained Growth and Maturing Ecosystem

For the cryptocurrency industry, 2025 was a year of dramatic ups and downs, but for the decentralized stablecoin USDD, it was a year of achieving critical breakthroughs and stable development.

Recently, USDD released its 2025 annual summary. According to official data, since the upgrade to USDD 2.0 in January, it has consistently set new records across multiple dimensions including user base, TVL, product iterations, and system stability. This highlights that its strategy of multi-chain deployment and DeFi integration has not only proven its viability in value stability and application expansion but also signifies the ecosystem's gradual maturation. It is steadily transforming from a provider of stable value circulation into a Web3 infrastructure cornerstone for DeFi applications.

Aiming for Billions: Breakthroughs Across Core Metrics

Data proves the importance of USDD's role as a decentralized stablecoin. The global stablecoin market reached $300 billion in 2025, dominated primarily by types issued by centralized institutions pegged to the US dollar. Decentralized stablecoins, however, are viewed by the community with high expectations as the type most aligned with the spirit of the crypto industry.

Over the past year, USDD achieved record highs in several core metrics: its TVL exceeded $900 million; its supply surpassed 860 million tokens, placing it among the top ten in stablecoin issuance (according to CMC data), with only a 140 million gap from the 1 billion milestone; the TVL of its yield-bearing version, sUSDD, grew rapidly to nearly $100 million; the Smart Allocator generated cumulative annual returns exceeding $8 million; the USDD Earn section distributed approximately $20 million in interest to users (including TRON DAO subsidies); and the number of holding addresses reached 459,000. In comparison, Ripple USD (RLUSD), which currently has a higher issuance volume of 1.3 billion, has only 6,680 holding addresses, about 1.5% of USDD's.

These impressive figures reflect the continuous strengthening of the USDD community consensus and the protocol's execution capabilities, also demonstrating that decentralized stablecoins are a crucial piece of the stablecoin puzzle.

Ecosystem Expansion: Coverage Across 20+ Leading Platforms

In terms of ecosystem development and product innovation, USDD has also gained recognition from top industry platforms through multi-chain expansion and product innovation. USDD completed its upgrade via the TRON network at the beginning of the year and subsequently deployed on Ethereum and BNB Chain throughout the year, covering the three major mainstream public chains and paving the way for its integration with exchanges and DeFi platforms.

Key events include: In January 2025, USDD officially upgraded to version 2.0 and launched a 20% APY incentive program, driving its TVL to once exceed $500 million; in Q4 2025, it natively deployed on Ethereum and BNB Chain and simultaneously launched the yield-bearing token sUSDD, offering a 12% APY, allowing users to earn yields automatically without any action; in December 2025, USDD partnered with Binance Wallet. Driven by top-tier exchange applications and stable yield opportunities, USDD experienced rapid growth.

Subsequently, USDD integrated with over 20 mainstream exchanges, wallets, and DeFi protocols within the year, with its ecosystem partner network becoming increasingly robust. These developments mark USDD's successful transition from a single-chain ecosystem to a mature cross-chain system, laying the foundation for its role as a decentralized Web3 financial infrastructure.

Security & Transparency: A Stable Anchor Amid Market Volatility

2025 saw intense volatility in the crypto market. Driven by imperfect mechanisms and market sentiment, some stablecoins experienced de-pegging or trust crises, with some even remaining in a state of slight de-pegging for extended periods. However, USDD, leveraging its mechanism of over-collateralization with high-quality assets, transparent reserves, and the Smart Allocator's diversified yield model, maintained a strict 1:1 peg to the US dollar throughout the year. It not only successfully navigated significant external market fluctuations but also experienced no de-pegging events due to its own mechanisms. The protocol demonstrated exceptional resilience and risk control capabilities under extreme market conditions, earning widespread recognition from the community and institutions.

In 2025, leading industry security and auditing firms completed five audits of USDD. Both CertiK and ChainSecurity acknowledged the high security level of USDD's smart contract codebase, noting that USDD exhibits high security standards in both token integration and application mechanisms.

Community KOLs who have long followed the crypto industry also affirmed USDD's role as a stable, high-yield asset choice during volatility.

Outlook for 2026: Transitioning from Incentive-Driven to Real-Usage-Driven

Through the accumulation in 2025, the USDD ecosystem is steadily moving towards a mature, robust, and sustainable development stage. Officially, 2026 will see a phased transition from incentive-driven growth to real-usage-driven growth. Key breakthrough directions include: attracting more users from real DeFi scenarios, enhancing system efficiency and stable operation; deepening cooperation with channels like exchanges and wallets to create a win-win situation for the protocol, partners, and users; gradually reducing reliance on external subsidies, optimizing the Smart Allocator model, expanding diversified revenue sources, and building a stablecoin asset capable of weathering both bull and bear cycles.

Additionally, continuous evaluation of ecosystem scale and market dynamics will be conducted to prudently optimize incentive mechanisms, ensuring the protocol's long-term healthy development. USDD will continue to adhere to the core principles of stability, transparency, and sustainability. Under the premise of security and controllable risk, it will steadily advance product iteration and ecosystem expansion, working hand in hand with the community to create a more reliable future for decentralized stablecoins.