When evaluating stablecoins, many people glance only at whether the price holds its peg. That’s a surface-level check.
The more meaningful indicators are how much capital users commit, how often it’s reused, and whether the system encourages long-term participation.
USDD is a good case study—especially as it moves closer to a $1B supply milestone.
Current snapshot • USDD in circulation: $828M
• Capital locked across the ecosystem: $872M
What stands out is that more value is locked than issued. This suggests users aren’t simply holding USDD passively—they’re actively deploying it within the protocol, a sign of functional demand rather than short-term speculation.
Another strong signal comes from sUSDD, which has already accumulated over $300M in TVL. That level of lockup points to growing confidence, with users choosing to commit their assets for yield and long-term exposure instead of rotating out.
Why this matters • Healthy stablecoins show engagement, not just circulation
• Visibility into TVL and usage reinforces user confidence
• Repeated deposits reflect acceptance of the underlying mechanism.
In today’s competitive stablecoin market, security and reliability aren’t optional. USDD has clearly moved past early experimentation and into a phase of consistent usage, expanding commitment, and real economic activity.
To identify stablecoins that are built to last, look beyond price stability. Track how capital flows, how long users stay committed, and whether usage keeps growing. USDD’s metrics tell the story of a system being actively used—and increasingly trusted.
