USDD 2.0 Liquidity Update

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💫 While US dollar-backed stablecoins hold 90% market share in stablecoin transactions, the share of transactions directly using US dollars is 10%. The usage share of Euro-backed stablecoins is 1.1%.

Stablecoins have expanded more swiftly this year compared to the previous one. Just a week earlier, the stablecoin market was valued at $155.86 billion; today, it stands at $158.67 billion, reflecting a 1.8% increase. In contrast to the broader cryptocurrency market, which experienced a noticeable decline, the dollar-pegged crypto sector demonstrated strong growth. Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation Stablecoin dominance according to defillama.com. The overall value of the stablecoin market increased by approximately $2.81 billion, with $2.2 billion of this growth attributable to tether (USDT). Over the past month, tether’s supply expanded by 5.6%, reaching a current valuation of $109.38 billion. Last week, on April 12, usd coin (USDC) held a market valuation of about $32.02 billion, which has since risen to $33.15 billion. DAI also enjoyed a week of growth, with its market cap increasing from $4.93 billion to $5.12 billion. In contrast, FDUSD experienced a small drop from $3.93 billion on April 12 to $3.58 billion today. Despite this weekly dip, FDUSD’s supply has risen by 23.8% since March 19. Ethena’s USDE has shown no significant changes in supply over the past week, maintaining a stable figure of $2.38 billion. Over the past month, USDD, TUSD, and USDP have all recorded declines. USDD’s supply decreased by 2.7% this month, while TUSD saw a substantial 48.9% reduction over the same period. Paxos’ USDP experienced a 25.2% cut since March 19. Meanwhile, Paypal’s stablecoin, PYUSD, achieved a 6.8% increase this month, boosting its market valuation to $202 million at press time. In the dynamic landscape of the stablecoin market, this week’s growth exemplifies a clear deviation from the broader cryptocurrency trends, with USDT leading the charge. As the market faces fluctuations, stablecoins seem to offer a semblance of stability, albeit with varying supply changes among different tokens.

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Six months ago, USDD 2.0 quietly went live. There was no overwhelming promotion, nor was there any noisy celebration. That day, while I was browsing data on the blockchain, I noticed that its TVL quietly moved a little, like a new sprout trembling in the soil. At that moment, I had a vague thought in my mind: perhaps, this is not an upgrade, but a reconstruction. In the days that followed, it began to grow slowly. It is not the kind of project that skyrockets overnight, but rather one that is solid at every step, with each decision seeming like a well-considered answer. I looked at it: 1- The supply has reached over 500 million, and it remains steady along the peg line; 2- Achieve a 20% APY on returns while maintaining a stable fee of 0.5%; 3 - Attracted over 440,000 users and 210,000 communities, with TVL continuously increasing on sTRX Vault. 4- Then, the Smart Allocator appeared, making "returns" not just a number, but a sustainable trust. It is not the kind of project that makes announcements every day or holds Spaces, but rather responds to all doubts little by little with its products. I slowly began to understand that what USDD 2.0 aims to achieve is a truly stable system that can withstand bull and bear markets—a decentralized system with governance capabilities that can continuously expand its multi-chain ecosystem. Next, it wants to do more: 1️⃣ Native multi-chain deployment, no longer just TRON; 2️⃣DAO governance implementation, hand over the keys; 3️⃣User experience optimization, clearing logic visualization, transparency is not just a slogan. Some people say that stablecoins lack imagination. But I think that in a world of constant volatility, whoever can stabilize has the qualification to speak about the future. USDD does not tell stories noisily; it just keeps doing its work. Six months have passed, and it is still growing. And this is just the beginning. @usddio @justinsuntron