USDD Releases July 2026 Monthly Transparency Report: Circulating Supply Grows by $221 Million, Strengthening Sustainable Yield Capacity
- Key Highlights: In July 2026, core metrics of the decentralized stablecoin USDD—including circulating supply, collateral ratio, and Smart Allocator yield—continued to grow month-over-month. Through the dual "Yield + Utility" strategy, USDD solidified its ecosystem expansion and self-sustaining profitability as the "yield-bearing USDT."
- Key Factors:
- In July, USDD's circulating supply increased by $221 million, reaching a total of $1.58 billion. Circulation on the TRON network grew by 18.7% month-over-month; the collateral ratio remained at 142.98%, with reserve assets 100% transparent on-chain.
- ETH Savings TVL reached $227.3 million, up 7.9% quarter-over-quarter; the number of participating wallets in BNB Savings grew by 4.6%, demonstrating significant progress in multi-chain expansion.
- Smart Allocator has deployed $854.9 million in funds, up 15.9% quarter-over-quarter; cumulative yield reached $23.72 million, with monthly new yield growing 12.65% sequentially.
- Ongoing incentives boosted mining participation, with total mining TVL rebounding 39.0% month-over-month in July and average daily TVL up 23.8%.
- Ecosystem partnerships continued to expand: TRON DeFi Summer saw net TVL growth exceeding $100 million within 48 hours of launch, JustLend's USDD TVL surpassed $450 million, and the Binance Wallet yield campaign advanced to its seventh round.
Recently, the decentralized stablecoin USDD released its monthly transparency report for July 2026.
The report shows that in July, USDD's new circulation reached $221 million. By the end of the month, total USDD circulation stood at approximately $1.58 billion, with the collateralization ratio maintained at 142.98%. Smart Allocator has deployed $854.9 million in funds, with cumulative returns reaching $23.72 million. The second quarter 2026 treasury data was also disclosed in July, with total treasury balance reaching $21,540,907. USDD's core metrics have shown continuous month-over-month improvement, demonstrating robust ecosystem development and expansion capabilities. The steadily growing returns further validate its self-sustaining revenue generation model as an "interest-bearing USDT."
Core Operational Metrics Show Steady Growth, Circulation Expansion Accelerates
According to the data disclosed in the report, USDD achieved significant expansion in circulation during July. New circulation reached $221 million, bringing total circulation to approximately $1.58 billion by the end of July. Among this, circulation on the TRON network grew by 18.7%, indicating the TRON ecosystem's growing capacity to absorb USDD. As the TRON DeFi Summer enters its second season, USDD's recognition as a key contributor to stable yields in the DeFi sector continues to rise, demonstrating excellent utility.
Additionally, ETH Savings TVL increased from $210.7 million to $227.3 million, a growth of 7.9%; the BNB Savings user base continues to expand, with participating wallet addresses growing by 4.6% and average daily participating wallets up 4%. This demonstrates that USDD's multi-chain deployment and expansion strategy is consistently delivering results, positioning it as an accessible option for users across various scenarios.
On the asset security front, as of July 31, USDD's collateralization ratio remained at 142.98%, providing ample over-collateralization buffer for the stablecoin in circulation. The report emphasizes that USDD employs a diversified reserve portfolio and dynamic collateral adjustment mechanism, effectively mitigating the impact of single-asset volatility and enhancing its stability and resilience during market turbulence. All USDD reserve assets are deployed on-chain at public addresses across TRON, Ethereum, and BNB Chain, available for real-time verification, ensuring 100% on-chain transparency. This mechanism upholds USDD's longstanding "real-time verifiable" principle, further cementing user trust in the authenticity of reserves.
Smart Allocator Scales Up with Synchronized Yield Growth, Recurring Incentives Show Results
The report highlights the operational progress of Smart Allocator. By the end of July, Smart Allocator had deployed $854.9 million in funds, up 15.9% from $737.6 million at the end of June. Cumulative returns reached $23.72 million, with monthly new returns of $273,085, a 12.65% increase month-over-month, reflecting the protocol's continued optimization of yield strategies and improved capital efficiency.
Meanwhile, the recurring incentive program has been gradually rolled out, providing sustainable yield support for ecosystem participants. USDD enables users to participate in ecosystem yields by staking USDD or holding sUSDD to earn interest returns. Driven by this revenue-sharing mechanism, mining participation surged in July, with total mining TVL rebounding strongly by 39.0% month-over-month and average daily mining TVL growing by 23.8%.
These developments indicate that USDD is not only expanding steadily in scale but also maintaining consistent output in yield generation and incentive mechanism design.
Revenue Structure Optimization and Ecosystem Expansion Continue to Gain Momentum
USDD also achieved dual positive progress this month in revenue structure optimization and ecosystem expansion. The continuous month-over-month improvement across key metrics points to sustained underlying ecosystem growth and an increasing number of use cases.
Notably, the TRON DeFi Summer campaign continues to attract user participation. Within 48 hours of launch, related TVL saw net growth exceeding $100 million; USDD TVL on the JustLend platform simultaneously surpassed $450 million.
Additionally, the rewards program jointly launched by USDD and Gate DEX on BNB Chain and Ethereum remains ongoing; the Binance Wallet yield campaign has advanced to its seventh round; and the sUSDD market on Pendle has also received a new round of reward support.
The continued rollout of these initiatives not only reflects USDD's ability to offer users stable and sustainable yield opportunities but also highlights the real-world demand and liquidity depth for USDD across various DeFi scenarios.
"Yield + Utility" Dual Engine Drives Long-Term Sustainable Development
USDD's official statement in the report indicates that in August, it will continue to deepen partnerships with DeFi protocols, refine the recurring incentive system, and expand more on-chain yield scenarios for users. At the same time, it will accelerate the implementation of practical application scenarios such as payments and transfers, particularly in consumer and merchant use cases.
Through the "Yield + Utility" dual-engine approach, USDD is committed to consolidating its ecosystem foundation while maintaining high transparency and collateral security, further expanding the boundaries of stablecoin usage, and driving long-term sustainable ecosystem development.
The full report has been published on official channels. Users can access the original document for comprehensive information:
