“You see, recently observing USDD, it is clear that its usage is still closely linked to the TRON ecosystem, although they have also tried to expand outward. This stablecoin was launched by the TRON DAO Reserve, primarily to promote the development of DeFi on TRON. For example, USDD can be minted by staking TRX or using the sTRX vault, and most of the mining, lending, and liquidity pool activities that drive USDD usage occur on TRON's own platforms like JustLend and Sun.io.

The growth witnessed over the years—such as a circulation volume nearing five hundred million, and the total value locked (TVL) in USDD-related activities also climbing—comes from internal incentives within TRON, such as high annual percentage yield (APY) staking or subsidized mining projects, all aimed at attracting users and maintaining the stable exchange rate of USDD. TRON is generally strong in stablecoin transfers, especially USDT, and USDD also benefits from it; in this ecosystem that pursues low transaction fees and quick trades, USDD is the decentralized option.

Of course, they have also adopted a multi-chain strategy, launching a native version on Ethereum around September this year, and BNB Chain also supports it, along with PSM for easy exchanges. This indeed opens up some convenient doors for USDD's usage elsewhere, such as earning yields on other networks or exchanging without cross-chain bridges. However, the most prominent aspect is that the vast majority of activities—daily trading volume, DeFi integration, and actual promotions like payment partnerships—are still closely tied to TRON's infrastructure and user base.

In the end, although USDD is not completely locked into TRON, its level of adoption largely depends on the condition and development of TRON; without the driving force of the TRON ecosystem, such as the large supply of stablecoins on the network or community governance realized through TRON DAO, USDD might not have the influence it does today. Its design philosophy is to complement TRON, and this is also where it can play its most effective role.”#USDD以稳见信 @USDD - Decentralized USD