Bubble
USDD USDD
USDD (USDD) was trading at $0.9992, ranked #42 by market cap at $1.53B, with 24h volume of $35.00M.
Data snapshot: 2026-07-22 18:00 UTC.
USDD is a stablecoin from the TRON ecosystem, designed to maintain its dollar peg through a mix of collateral reserves and market operations, and issued across TRON, Ethereum and BNB Chain. It's one of several stablecoins associated with the TRON network's broader push into on-chain dollar liquidity. USDD is the stablecoin associated with the Tron ecosystem. It launched with an algorithmic design in the same period as other reflexive stablecoins, and was subsequently restructured towards over-collateralised backing after that model was discredited across the market. That history is the main thing to know about it: understanding which version of the design is in force, and what actually collateralises it now, matters more than its current peg accuracy. On this map it sits with the stablecoin group and, like the others, should be read by market cap rather than colour.
Was USDD algorithmic?
It launched with an algorithmic design during the period when that model was popular, and was later restructured towards over-collateralised backing.
Why does that history matter?
Because algorithmic and collateralised stablecoins fail in completely different ways. Knowing which mechanism is currently in force is necessary to assess the risk.
Where is USDD mainly used?
Within the Tron ecosystem, where it functions alongside the much larger USDT supply on that network.
How should a stablecoin's peg be assessed?
By what backs it, who holds the reserves and how redemption works — not by whether it is trading at a dollar at this moment. Pegs hold until they do not.
Market cap decides how big a bubble is drawn, so rank is what places USDD on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #33 | USDT0 (USDT0) | $4.06B |
| #40 | Ripple USD (RLUSD) | $1.58B |
| #42 | USDD (USDD) | $1.53B |
| #90 | GHO (GHO) | $697.92M |
| #101 | TrueUSD (TUSD) | $492.13M |