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USDD

USDD

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USDD is a USD-pegged stablecoin issued by the TRON DAO Reserve. Originally launched May 2022 as an algorithmic stablecoin, it was overhauled in January 2025 into the USDD 2.0 over-collateralized CDP architecture, now live across TRON, Ethereum, and BNB Chain.

CDPTronEthereumBNB ChainTVL: $1.2BLast updated: Sep 16, 2026
Risk Rating
C
Safety Score
47

Risk Profile Overview

Overall Rating
(47/100)
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Live signals detected by Sentinel monitors across all five risk classes.

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Score history

Re-checked monthlyNo net change

This rating is re-checked every month. A point is recorded for every check, so a flat line means we looked and nothing moved. Hover anywhere on the chart to see what moved that month, and by how much.

53
47
41
Aug 2026SepOct

The Problem

Centralised stablecoins (USDT/USDC) carry counterparty and censorship risk; on-chain decentralised alternatives have historically traded liquidity for capital efficiency or stability.

The Solution

USDD 2.0 offers a TRON-native over-collateralised CDP stablecoin with a PSM zero-slippage swap mechanism and a Smart Allocator yield engine that powers sUSDD savings.

Why it Matters

Largest CDP stablecoin native to TRON ecosystem; tightly integrated with JustLend, SunSwap, and TRX liquid staking. Carries the TRON-DAO/Justin Sun brand.

Protocol Metrics

TVL Trend
$1.21B

Related Research

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No related analysis articles found for USDD.

Frequently asked questions about USDD

What is USDD?+

USDD is a CDP protocol operating on Tron, Ethereum, BNB Chain. USDD is a USD-pegged stablecoin issued by the TRON DAO Reserve. Originally launched May 2022 as an algorithmic stablecoin, it was overhauled in January 2025 into the USDD 2.0 over-collateralized CDP architecture, now live across TRON, Ethereum, and BNB Chain.

How does USDD work?+

USDD 2.0 offers a TRON-native over-collateralised CDP stablecoin with a PSM zero-slippage swap mechanism and a Smart Allocator yield engine that powers sUSDD savings.

Is USDD safe?+

DeFi Sentinel rates USDD C with a safety score of 47/100, indicating rated risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. USDD has 5 audits on record. DeFi Sentinel's analysis flagged 8 high, 4 medium, 4 low risk alerts across Governance & Centralization, Smart Contract & Technical Risk, Economic Design & Market Risk, Reputation & Social Trust and Sustainability & Competitive Position. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.

What is the safety score of USDD?+

USDD has a DeFi Sentinel safety score of 47/100 (rating C), last updated September 16, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).

Which chains does USDD support?+

USDD is deployed on Tron, Ethereum, BNB Chain.

Has USDD been audited?+

Yes. USDD has 5 audit reports on record from firms including ChainSecurity, ChainSecurity, ChainSecurity. Audit reports and dates are linked under the Resources tab on this page.