Ask about stUSDT · freeTotal Value Locked$56.26m
TVL by Chain
Tron$54.43m
Ethereum$1.83m
Key Metrics
Fees 30d$168,029
Fees 30d by chain
Tron$162,809
Ethereum$5,220
Fees 7d$38,880
Tron$37,627
Ethereum$1,253
Fees 24h$5,545
Tron$5,366
Ethereum$179
Cumulative Fees$2.14m
Tron$2.07m
Ethereum$72,755
Revenue 30d$5,061
Revenue 30d by chain
Tron$5,060
Ethereum$0.44
Revenue 7d$94.10
Tron$94.10
Ethereum$0
Revenue 24h$3.65
Tron$3.65
Ethereum$0
Cumulative Revenue$28,894
Tron$28,725
Ethereum$168.60
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Tron$0
Holders Revenue 7d$0
Ethereum$0
Tron$0
Holders Revenue 24h$0
Ethereum$0
Tron$0
Cumulative Holders Revenue$0
Ethereum$0
Tron$0
Market Cap$55.87m
$STUSDT Price$0.99
Fully Diluted Valuation$55.87m
$STUSDT Volume 24h$1
CEX Volume$0
DEX Volume$1(100% of total)
Protocol Information
Shape, expand, and enjoy the future of real-world assets tokenization on TRON.
Sub Category: Treasury Bills
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Fees include stUSDT unstaking fees and net stUSDT rebase yield distributed to holders.View code on GitHubRevenue: Unstaking fees retained by the stUSDT-RWA contract are counted as protocol revenue.View code on GitHubHolders Revenue: View code on GitHubYields
Pools Tracked2
Average Supply APY3.66%
Competitors
stUSDT history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 4, 2023 to Oct 28, 2026.
All-time high TVL: $2.301b on Nov 22, 2023. All-time low TVL: $22.2m on Jul 4, 2023.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $61.09m |
| Sep 30, 2026 | $61.09m |
| Oct 1, 2026 | $57.08m |
| Oct 2, 2026 | $57.09m |
| Oct 3, 2026 | $56.97m |
| Oct 4, 2026 | $56.97m |
| Oct 5, 2026 | $56.97m |
| Oct 6, 2026 | $56.96m |
| Oct 7, 2026 | $56.96m |
| Oct 8, 2026 | $56.34m |
| Oct 9, 2026 | $56.31m |
| Oct 10, 2026 | $56.31m |
| Oct 11, 2026 | $56.32m |
| Oct 12, 2026 | $56.32m |
| Oct 13, 2026 | $56.31m |
| Oct 14, 2026 | $56.34m |
| Oct 15, 2026 | $56.33m |
| Oct 16, 2026 | $56.33m |
| Oct 17, 2026 | $56.34m |
| Oct 18, 2026 | $56.33m |
| Oct 19, 2026 | $56.33m |
| Oct 20, 2026 | $56.34m |
| Oct 21, 2026 | $56.34m |
| Oct 22, 2026 | $56.31m |
| Oct 23, 2026 | $56.29m |
| Oct 24, 2026 | $56.3m |
| Oct 25, 2026 | $56.3m |
| Oct 26, 2026 | $56.3m |
| Oct 27, 2026 | $56.29m |
| Oct 28, 2026 | $56.27m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $67.46m |
| Dec 31, 2024 | $55.45m |
| Jan 31, 2025 | $57.77m |
| Feb 28, 2025 | $57.53m |
| Mar 31, 2025 | $57.12m |
| Apr 30, 2025 | $56.26m |
| May 31, 2025 | $60.53m |
| Jun 30, 2025 | $60.08m |
| Jul 31, 2025 | $59.85m |
| Aug 31, 2025 | $60.66m |
| Sep 30, 2025 | $63.4m |
| Oct 31, 2025 | $60.58m |
| Nov 30, 2025 | $58.92m |
| Dec 31, 2025 | $60.32m |
| Jan 31, 2026 | $62.1m |
| Feb 28, 2026 | $63.13m |
| Mar 31, 2026 | $63.05m |
| Apr 30, 2026 | $62.8m |
| May 31, 2026 | $65.14m |
| Jun 30, 2026 | $60.22m |
| Jul 31, 2026 | $61.86m |
| Aug 31, 2026 | $62.86m |
| Sep 30, 2026 | $61.09m |
| Oct 28, 2026 (latest) | $56.27m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $2.289b |
| Dec 31, 2024 | $55.45m |
| Dec 31, 2025 | $60.32m |
Fees, revenue and holders revenue by UTC calendar month, May 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| May 2025 | $64,973 | $53.46 | $0 |
| Jun 2025 | $120,888 | $1,197 | $0 |
| Jul 2025 | $83,153 | $143.35 | $0 |
| Aug 2025 | $116,485 | $323 | $0 |
| Sep 2025 | $152,362 | $1,646 | $0 |
| Oct 2025 | $152,453 | $4,895 | $0 |
| Nov 2025 | $170,277 | $2,725 | $0 |
| Dec 2025 | $142,013 | $986.23 | $0 |
| Jan 2026 | $118,097 | $612.81 | $0 |
| Feb 2026 | $79,938 | $1,265 | $0 |
| Mar 2026 | $82,364 | $2,190 | $0 |
| Apr 2026 | $93,186 | $2,640 | $0 |
| May 2026 | $103,045 | $1,371 | $0 |
| Jun 2026 | $98,659 | $436.98 | $0 |
| Jul 2026 | $122,565 | $788.73 | $0 |
| Aug 2026 | $134,395 | $295.76 | $0 |
| Sep 2026 | $157,038 | $6,276 | $0 |
| Oct 2026 (to date) | $154,056 | $1,053 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/stusdt
Frequently asked questions
What is stUSDT's TVL?
As of Oct 28, 2026, stUSDT has $56.26m in total value locked. TVL has decreased 7.9% over the past 30 days.
What chains does stUSDT operate on?
stUSDT operates on 2 chains: Tron and Ethereum. Tron holds the largest share at 96.7%.
How much has stUSDT generated in fees and revenue?
Over the past 30 days, stUSDT generated $168,029 in fees. Of that, $5,061 was protocol revenue. Based on the trailing year, the annualized rate is $1.47m in fees and $21,153 in revenue.
What is the STUSDT token price and valuation?
STUSDT is currently trading at $0.99. Its circulating market capitalization is $55.87m, ranking it #556. Its fully diluted valuation is $55.87m. Supply currently stands at 56.33m circulating, 56.33m total supply.
How has STUSDT performed recently?
STUSDT is up <0.1% over the past 7 days and down 0.3% over the past 30 days. Its all-time high is $2.01, reached on Dec 6, 2024. The token is currently 50.7% below that level.
How does stUSDT's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, stUSDT ranks #18 by TVL. The category holds $4.11b across 176 protocols, and stUSDT accounts for 1.4% of that total. Similar protocols include Ethena USDtb, Re, Huma, Anemoy Capital, OpenTrade, Plume Vaults, Theo Network thUSD, Frax USD, Ember, and Usual USD0.
How many yield pools does stUSDT have?
DefiLlama tracks 2 stUSDT yield pools with an average APY of 3.7%.