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Deployments · platform by USDD protocol

USDD crypto-collateralised dollarNew

An overcollateralised crypto-backed dollar from the TRON ecosystem. Users mint USDD from vaults against TRX, USDT and other collateral, and a peg stability module swaps USDT and USDC one for one; the docs describe it as community governed with no central issuer. It replaced an earlier version (now USDDOLD) issued by the TRON DAO Reserve, which holders can migrate. About $1.8 billion was in circulation in October 2026, mostly on TRON. In the register as one of the largest crypto-collateralised dollars, larger than Falcon's USDf.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (scaled) since 2 May 2022[1] — First supply in DefiLlama's series (the original USDD); openly held and traded. · Reviewed 21d ago

Assets
Other claim[2]
Overcollateralised crypto-backed dollar, not fiat-reserved
Networks
TRON Public, permissionless[4][1]
Ethereum Public, permissionless[4][1]
BNB Chain Public, permissionless[4][1]
Use cases
Primary issuance[1]
Jurisdictions
Global

Participants

Assets

Metrics

  • ~$1.79bnTokens in circulation · as of 18 Oct 2026context[1]
    On-chain via DefiLlama; sum of its per-chain balances (includes about $600 on BTTC, which has no network record). Gross supply, shown not counted: 68.1% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-10-27).
  • ~$1.22bnTokens in circulation (counted part) · as of 18 Oct 2026[1]
    68.1% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-10-27, source usdd-collateral-oct27).
  • ~$1.32bnTokens in circulation · as of 18 Oct 2026 · on TRONcontext[1]
    On-chain via DefiLlama. Gross supply, shown not counted: 68.1% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-10-27).
  • ~$897.28mTokens in circulation (counted part) · as of 18 Oct 2026 · on TRON[1]
    68.1% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-10-27, source usdd-collateral-oct27).
  • ~$449.71mTokens in circulation · as of 18 Oct 2026 · on Ethereumcontext[1]
    On-chain via DefiLlama. Gross supply, shown not counted: 68.1% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-10-27).
  • ~$306.25mTokens in circulation (counted part) · as of 18 Oct 2026 · on Ethereum[1]
    68.1% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-10-27, source usdd-collateral-oct27).
  • ~$20.73mTokens in circulation · as of 18 Oct 2026 · on BNB Chaincontext[1]
    On-chain via DefiLlama. Gross supply, shown not counted: 68.1% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-10-27).
  • ~$14.12mTokens in circulation (counted part) · as of 18 Oct 2026 · on BNB Chain[1]
    68.1% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-10-27, source usdd-collateral-oct27).
  • ~$1.52bnSupply on chain (daily) · as of 7 Nov 2026context[5]
    Automated daily reading of on-chain supply across all chains. Gross supply, shown not counted: 68.1% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-10-27).
  • ~$1.03bnSupply on chain (daily) (counted part) · as of 7 Nov 2026[5]
    68.1% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-10-27, source usdd-collateral-oct27).
  • ~$19.99mSupply on chain (daily) · as of 7 Nov 2026 · on BNB Chaincontext[5]
    Automated daily reading. Gross supply, shown not counted: 68.1% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-10-27).
  • ~$13.62mSupply on chain (daily) (counted part) · as of 7 Nov 2026 · on BNB Chain[5]
    68.1% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-10-27, source usdd-collateral-oct27).
  • ~$337.51mSupply on chain (daily) · as of 7 Nov 2026 · on Ethereumcontext[5]
    Automated daily reading. Gross supply, shown not counted: 68.1% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-10-27).
  • ~$229.85mSupply on chain (daily) (counted part) · as of 7 Nov 2026 · on Ethereum[5]
    68.1% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-10-27, source usdd-collateral-oct27).
  • ~$1.16bnSupply on chain (daily) · as of 7 Nov 2026 · on TRONcontext[5]
    Automated daily reading. Gross supply, shown not counted: 68.1% of it is counted (the rest of the reserve is held in tokens counted elsewhere; breakdown as of 2026-10-27).
  • ~$788.95mSupply on chain (daily) (counted part) · as of 7 Nov 2026 · on TRON[5]
    68.1% of the gross figure: the part not backed by reserves held in other tracked tokens (breakdown as of 2026-10-27, source usdd-collateral-oct27).

Timeline

  1. Happened 2 May 2022 · Launch · recorded 18 Oct 2026
    First USDD supply in DefiLlama's data, issued by the TRON DAO Reserve (the version now called USDDOLD).[1][3]

Sources

  1. [1]USDD stablecoin data (API) — DefiLlama, 18 Oct 2026. Accessed 18 Oct 2026. DefiLlama classes the peg mechanism as crypto-backed..A
  2. [2]What is the new version of USDD? | USDD Docs — USDD. Accessed 18 Oct 2026.B
  3. [3]What is USDDOLD? | USDD Docs — USDD. Accessed 18 Oct 2026.B
  4. [4]Deployment Addresses | USDD Docs — USDD. Accessed 18 Oct 2026.B
  5. [5]Supply by chain, read daily — DefiLlama (automated daily refresh). Accessed 7 Nov 2026.A

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