Stablecoins Witness a Minting Boom in the Past Month, with USDD Ranking in the Top 6 with $2.8 Billion Minted
According to ChainCatcher, citing the latest data from DefiLlama via on-chain analyst Stacy Muur, the total global stablecoin minting volume over the past 30 days exceeded 129 billion US dollars. In the specific rankings, the decentralized stablecoin USDD ranked sixth with a minting volume of 2.8 billion US dollars, demonstrating strong growth momentum. Its robust performance follows DAI, USDC, USDS, and sUSDS, surpassing traditional stablecoins such as USDT and highlighting increased market demand for decentralized, over-collateralized stablecoins.
USDD, as the decentralized over-collateralized stablecoin within the TRON ecosystem, is issued through over-collateralization with crypto assets such as TRX, sTRX, and USDT. It features a transparent reserve mechanism and efficient liquidity management. On March 23, USDD’s TVL officially surpassed 1.45 billion US dollars, thanks to its stable yields, its “interest-generating USDT” positioning, and its multi-chain deployment model.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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