TechFlow news — On November 3, Messari, a leading global crypto research firm, released its Q3 2022 research report on USDD, analyzing the stablecoin across multiple dimensions including supply, staked assets, reserves, peg stability, and qualitative factors. Messari noted that after the volatility seen in Q2, USDD successfully re-pegged to its target value. The introduction of the Protocol Supported Mechanism (PSM) in Q3 helped maintain its peg and strengthened confidence in USDD’s stability.
The report also highlighted that the number of wallets holding USDD grew fivefold during the quarter, reaching 120,000, with an average holding value of $6,000 per wallet. Cumulative trading volume for USDD exceeded $6.2 billion, with a minimum of 400 daily transactions on average. Thanks to the adoption of PSM—a swap tool and exchange rate stabilization mechanism—USDD has maintained an overcollateralization ratio of 300%.
Launched by the TRON DAO Reserve in collaboration with major blockchain institutions, USDD has experienced rapid growth since its official launch on May 5. On June 5, USDD was upgraded to become the world’s first decentralized, over-collateralized stablecoin, achieving a collateralization ratio higher than 130% on launch day—the highest globally at the time. It currently maintains a collateralization ratio around 300%, making it the most secure decentralized stablecoin across all networks. USDD operates across major public blockchains including TRON, Ethereum, and BNB Chain. Its total issuance has reached $725 million, with over $2.1 billion in total staked assets.
