USDD发布2026年7月月度透明度报告：流通量新增2.21亿美元 可持续收益能力不断强化

Recently, the decentralized stablecoin USDD released its July 2026 monthly transparency report.

The report shows that in July, USDD's new circulation reached $221 million. By the end of the month, USDD's total circulation stood at approximately $1.58 billion, with the collateral ratio maintained at 142.98%. The Smart Allocator has deployed $854.9 million in funds, with cumulative returns reaching $23.72 million. The Q2 2026 treasury data was also disclosed in July, with total treasury balance reaching $21,540,907. USDD's core metrics continued to improve sequentially, demonstrating strong ecosystem building and expansion capabilities. The steadily growing returns once again confirm its self-sustaining value-generation capability as an "interest-bearing USDT."

Core Operating Metrics Show Steady Growth, Circulation Expansion Accelerates

According to the data disclosed in the report, USDD achieved notable circulation expansion in 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 increasing capacity to absorb USDD. As TRON DeFi Summer enters its second season, USDD, as a key contributor to stable yields in the DeFi sector, continues to gain market recognition and demonstrate excellent utility.

Additionally, ETH Savings TVL rose from $210.7 million to $227.3 million, up 7.9%; the BNB Savings user base continued to expand, with participating wallet addresses growing 4.6% and average daily participating wallets up 4%. This demonstrates that USDD's multi-chain deployment and expansion strategy is steadily yielding results, making it an accessible option for users across different scenarios.

In terms of asset security, as of July 31, USDD's collateral ratio remained at 142.98%, providing ample over-collateralization buffer for stablecoins 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 risk resilience during market turbulence. All USDD reserve assets are deployed on public on-chain addresses across TRON, Ethereum, and BNB Chain, available for real-time query and verification, ensuring 100% on-chain transparency. This mechanism upholds USDD's consistent "real-time verifiability" principle, further consolidating user trust in the authenticity of reserves.

Smart Allocator Scale and Returns Grow in Tandem, Ongoing Incentive Effects Emerge

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, up 12.65% sequentially, reflecting the protocol's continuous optimization of yield strategies and improved capital efficiency.

Meanwhile, the ongoing incentive program is gradually being implemented, 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% sequentially and average daily mining TVL growing 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

In July, USDD also achieved dual positive progress in revenue structure optimization and ecosystem expansion. The continuous sequential improvement across various metrics indicates ongoing underlying ecosystem growth and an increasing number of ecosystem 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 reward campaign jointly launched by USDD and Gate DEX on BNB Chain and Ethereum continues; the Binance Wallet yield campaign has progressed to its seventh round; and the sUSDD market on Pendle has also received a new round of reward support.

The continued rollout of these campaigns not only reflects USDD's ability to provide users with stable and sustainable yield opportunities but also highlights USDD's real-world usage demand and liquidity depth across various DeFi scenarios.

"Yield + Utility" Dual Driver Paves the Way for Long-Term Sustainable Development

USDD officially stated in the report that in August, it will continue to deepen partnerships with DeFi protocols, refine the ongoing incentive system, and expand more on-chain yield scenarios for users. At the same time, it will accelerate the implementation of practical applications such as payments and transfers, particularly for consumer and merchant use cases.

Through the "Yield + Utility" dual-driver 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 the ecosystem's long-term sustainable development.

The full report has been published on official channels. Users can refer to the original text for comprehensive information:

https://medium.com/@usddioCN/2026%E5%B9%B47%E6%9C%88-usdd%E6%9C%88%E5%BA%A6%E9%80%8F%E6%98%8E%E5%BA%A6%E6%8A%A5%E5%91%8A-ba27e8540728