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 USD, and by the end of the month, the total circulation of USDD was approximately 1.58 billion USD, with a collateralization rate maintained at 142.98%. The funds deployed by Smart Allocator reached 854.9 million USD, with cumulative revenue reaching 23.72 million USD. Data for the second quarter of 2026 from the treasury was disclosed in July, showing a treasury surplus of 21,540,907 USD. USDD's various core data indicators have continued to improve month-on-month, demonstrating strong ecosystem construction and expansion capabilities, and the steadily growing revenue performance once again confirms its self-sustaining ability as the "interest-bearing version of USDT."

Core operational data grows steadily, circulation scale expands rapidly

According to the data disclosed in the report, USDD achieved significant expansion in circulation scale in July. The new circulation reached 221 million USD, and the total circulation by the end of July was approximately 1.58 billion USD. Among them, the circulation on the TRON network increased by 18.7%, showing that the TRON ecosystem's absorption capability for USDD continues to strengthen. As the TRON DeFi Summer enters its second season, USDD, as an important contributor to stable returns in the DeFi track, has seen an increasing market recognition and demonstrates excellent practicality.

In addition, the TVL of ETH Savings increased from 210.7 million USD to 227.3 million USD, a growth of 7.9%; the user base of BNB Savings continues to expand, with the number of participating wallets increasing by 4.6% and the average daily number of participating wallets growing by 4%. This demonstrates that USDD's multi-chain layout and expansion strategy is continuously achieving results, making it one of the choices available to users in various scenarios.

In terms of asset security, as of July 31, the collateralization rate of USDD remained at 142.98%, providing ample excess collateral buffer for the stablecoins in circulation. The report emphasizes that USDD adopts a diversified reserve composition and a dynamic collateral adjustment mechanism, effectively mitigating the impact of single asset volatility, enhancing its stability and risk resistance during market fluctuations. All USDD reserve assets are deployed at publicly accessible addresses on the TRON, Ethereum, and BNB Chain, allowing for queries and verification at any time, ensuring 100% on-chain transparency. This mechanism continues to uphold USDD's consistent principle of "real-time verifiability," further consolidating the user's trust in the authenticity of the reserves.

Smart Allocator scale and revenue grow in tandem, regular incentive effects emerge

The report focused on disclosing the operational progress of Smart Allocator. By the end of July, Smart Allocator had deployed funds reaching 854.9 million USD, an increase of 15.9% from 737.6 million USD at the end of June. Cumulative revenue reached 23.72 million USD, with monthly new revenue of 273,085 USD, reflecting a month-on-month growth of 12.65%, demonstrating the continuous optimization of the protocol's revenue strategy and capital efficiency improvement.

At the same time, the regular incentive program is gradually taking shape, providing sustainable revenue support for ecosystem participants. USDD supports users to participate in ecosystem returns by staking USDD or holding sUSDD to earn interest returns. Under the incentive of this revenue sharing mechanism, mining participation significantly increased in July, with total mining TVL rebounding strongly by 39.0% month-on-month and average daily mining TVL growing by 23.8%.

These developments indicate that USDD is not only steadily expanding in scale but also maintaining stable output in revenue generation and incentive mechanism design.

Income structure optimization and ecosystem expansion continue to exert effort

USDD also achieved dual positive progress in income structure optimization and ecosystem expansion during the month, especially the continuous improvement in various data indicators month-on-month, indicating that the underlying ecosystem continues to expand, and ecosystem use cases are also continually increasing.

It is worth mentioning that the TRON DeFi Summer event continues to attract user participation. Within 48 hours of the event's launch, the related TVL net growth exceeded 100 million USD; on the JustLend platform, USDD's TVL also surpassed 450 million USD.

Additionally, the reward activities jointly launched by USDD and Gate DEX on the BNB Chain and Ethereum continue; the Binance wallet financial management activity has progressed to the seventh phase; the sUSDD market on Pendle has also received a new round of reward support.

The continued promotion of these activities not only reflects that USDD can provide users with stable and sustainable revenue opportunities but also highlights the actual usage demand and liquidity depth of USDD in various DeFi scenarios.

“Revenue + Practicality” dual-wheel drive establishes a long-term sustainable development path

USDD officials stated in the report that in August, they will continue to deepen cooperation with DeFi protocols, improve the regular incentive system, and expand more on-chain revenue scenarios for users. At the same time, they will also accelerate the implementation of practical application scenarios such as payments and transfers, especially in actual use cases for consumers and merchants.

Through the dual-wheel drive of “revenue + practicality,” USDD is committed to solidifying the ecological foundation while maintaining high transparency and high collateral security, further expanding the usage boundaries of stablecoins and promoting the long-term sustainable development of the ecosystem.

The complete report has been published on official channels, and 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