susdd

According to official data, the yield-bearing token sUSDD of the decentralized stablecoin USDD has achieved rapid growth on the decentralized lending protocol Morpho, with its TVL surpassing 47 million USD.It is reported that within just one month of its launch, the sUSDD/USDT market TVL exceeded 40 million USD, making it the second-largest USDT lending market in the yield-bearing stablecoin sector, second only to sUSDS.Additionally, sUSDD has been integrated into Gauntlet Vaults, with lending demand continuing to rise and liquidity steadily increasing.

ChainCatcher news, according to official sources, the total locked value (TVL) of the decentralized stablecoin USDD's interest-bearing token sUSDD has surpassed 1 million USD.It is reported that sUSDD was officially launched on October 6, providing a decentralized and transparent savings system. Users can convert USDD into sUSDD, and after depositing, they can automatically enjoy an annual percentage yield (APY) of 12% without the need for staking or locking up their assets, achieving asset appreciation.The official stated that the launch of sUSDD makes saving crypto assets more accessible, safer, and friendlier, marking a new chapter in DeFi.