USDD is a crypto-backed US dollar stablecoin. It has about $1.67B in circulation, ranking #13 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
What is USDD?
USDD is a crypto-backed US dollar stablecoin. It has about $1.67B in circulation, ranking #13 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
In the issuer's words: USDD is a decentralized, over-collateralized stablecoin that is designed to be pegged 1:1 to the US dollar with enhanced stability and transparency.
USDD supply history
USDD supply grew 8.0% over the past 30 days, to $1.67B. Its peak was $1.81B in October 2026, and supply is 8% below that high.
Is USDD holding its peg?
USDD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where USDD lives: supply by blockchain
USDD is spread across several networks. The largest, Tron, holds 73% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How USDD is backed
USDD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Minting and redemption: Users can stake assets like TRX, sTRX or USDT to mint USDD. The minimum collateral ratio differs according to vault and collateral type.
Reserve reports and audits: usdd.io
USDD risks
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
USDD vs USDT and USDC
Similar crypto-backed stablecoins
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USDD FAQ
What is USDD?
USDD is a crypto-backed US dollar stablecoin. It has about $1.67B in circulation, ranking #13 among the stablecoins CoinScoop tracks, and runs on 4 blockchains.
Is USDD pegged 1:1 to the US dollar?
USDD targets 1 USD. At the last update it traded at $0.9981, a deviation of -0.19%, which we classify as "on peg".
What backs USDD?
USDD is a crypto-backed stablecoin. USDD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is USDD on?
USDD is live on 4 blockchains. The largest by supply are Tron ($1.23B), Ethereum ($435M), BSC ($12.5M).
How much USDD is in circulation?
About $1.67B of USDD was in circulation at the last update, +8.0% over 30 days. That makes it the #13 stablecoin by supply among those we track.
Is USDD safe?
No stablecoin is risk-free. As a crypto-backed design, USDD's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.