USDD token
Overview
USDD is a dollar-pegged stablecoin on the TRON network associated with Justin Sun and the TRON DAO Reserve. Version 1.0 launched in 2022 with a 30% advertised APY that was later cut amid market instability; it struggled to hold its peg and drew criticism over transparency, notably when the TRON DAO Reserve withdrew 12,000 bitcoin from USDD's collateral without approval, after which backing shifted toward TRON's native TRX. USDD 2.0 launched on 25 January as an upgraded version, with Sun announcing a 20% APY that TRON would fully subsidise, saying the organisation had the funds to support it. USDD is described as backed primarily by TRX with a claimed collateral ratio of 120% secured by over $2.6 billion in assets. Circulating supply was reported at $747 million, small relative to Tether and USDC. The 20% yield drew significant scepticism given USDD 1.0's history and the obvious parallel to earlier subsidised-yield stablecoins. USDD 1.0 launched in 2022 offering 30% APY, reduced it amid instability, and struggled with its peg and with transparency after the TRON DAO Reserve pulled 12,000 BTC from collateral without approval, shifting backing to TRX. USDD 2.0 launched on 25 January with a 20% APY fully subsidised by TRON.
Within the DeFi Intel graph, USDD connects to 15 tracked entities, most strongly to Ethereum, BSC, Tron.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 15 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | BSC | 95% |
deployed_on | Tron | 95% |
issued_by | Tron Dao Reserve | 95% |
deployed_on | Bittorrent | 95% |
issued_by | TRON DAO Reserve | 95% |
deployed_on | Tron | 95% |
backed_by | Bitcoin (BTC) | 90% |
backed_by | Tether USD | 90% |
deployed_on | Ethereum | 90% |
Frequently asked questions
What is USDD?
USDD is a stablecoin tracked in the DeFi Intel knowledge graph. It is connected to 15 other tracked entities, most strongly to Ethereum, BSC, Tron.
What type of entity is USDD?
USDD is classified as a stablecoin (token) in the DeFi Intel knowledge graph.
What is USDD connected to?
In the DeFi Intel knowledge graph, USDD is linked to 15 other tracked entities, most strongly to Ethereum, BSC, Tron.
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