TREE NEWS reports: Decentralized stablecoin USDD grew its market cap by $12.8 million on Sept. 20, the third-largest single-day gain among stablecoin issuers behind Ethena ($35.8 million) and StablR ($18.7 million). USDD’s circulating supply now stands at $1.54 billion, ranking 10th among all stablecoins, with protocol TVL at $2.29 billion.
USDD Market Cap Jumps $12.8M in a Day, Ranks Third Among Stablecoin Issuers
AI take
A $12.8 million daily expansion is modest against USDD's $1.54 billion supply, but the ranking behind Ethena and StablR matters: it suggests the recent stablecoin growth impulse is not concentrated in a single issuer. USDD's position as a decentralized alternative means its supply changes are worth reading alongside protocol TVL, which sits well above circulating supply. Whether this single-day pace persists across other issuers, or proves episodic, is the open question.
Generated by AI for reference only.
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