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TRON
Active AUM
$1.515bKey Metrics
Onchain AUM$1.515b
Change (24h)-12.43%
Active / Onchain100%
DeFi Active TVL$577,574
Change (24h)+0.16%
Utilization<0.1%
Largest ProtocolUniswap V3$211,037
Net Flows 30dN/A
Net Flows 7dN/A
Live Assets1
Issuers1
Asset rankings
| Name | Chains | Asset Type | AUM | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Crypto Stable | $1.515b | $1.515b | -14.72% | $577,574 | 0.038% | -0.11% | $1 | |||
About TRON
TRON offers a stablecoin backed by real-world assets and Treasury securities, combining yield generation with price stability. It enables institutional-grade stable settlement with underlying RWA collateral.
Entity
Legal entityTRON DAO Reserve
HeadquartersDecentralized (DAO)
Founded2017
Primary chainTron
Entity structure
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.
Regulation
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.
Compliance
Of 1 assets
Attested0 of 1
KYC to mint or redeemunknown
Allowlisted to holdunknown
Transferable1 of 1
Self custody1 of 1
Redeemableunknown
Fees & revenue
ConfidenceIssuer-Disclosed
Mint Fee0 bps
Redemption Fee0 bps
Fees Last Verified2026-07-09
PSM swaps between USDD and USDT or USDC are 1 to 1 with no service fee. Vault minted USDD accrues an onchain stability fee with no published bps schedule. Initial 20 percent sUSDD yield was subsidized by TRON DAO. Crypto collateralized so no fiat float income.
Milestones
- 2026-03SEC v. Sun settled, Rainberry pays 10M penalty, other claims dismissed
- 2025-07SRM Entertainment renamed Tron Inc. on Nasdaq
- 2025-01USDD 2.0 launched as overcollateralized CDP stablecoin
- 2022-06USDD upgraded to overcollateralized model
- 2022-05TRON DAO launched USDD