USDD is not registered or licensed with any financial regulator and its documentation positions it as a decentralized protocol with no central issuer. USDD 2.0 relaunched in January 2025 as an overcollateralized CDP stablecoin. The SEC case against Justin Sun and TRON entities over TRX and BTT ended in March 2026 with a 10 million dollar Rainberry penalty and all other claims dismissed with prejudice.

USDD 1.0 was issued by the TRON DAO Reserve. USDD 2.0 has no identified corporate issuer and is minted through overcollateralized vault smart contracts with community governance. No legal entity is disclosed as accountable for the stablecoin.