USDD officially launches Vault functionality on Ethereum, enabling minting with ETH and WBTC as collateral
- Core View: USDD launched its Vault functionality on Ethereum on August 24, supporting ETH and WBTC as collateral for minting, achieving dual-chain parallel operation and expansion into mainstream asset collateralization, evolving toward a multi-chain yield infrastructure.
- Key Elements:
- The Ethereum Vault supports ETH and WBTC as core collateral assets, forming a dual-chain parallel structure alongside the existing Vault on the TRON network.
- In April this year, the TRON network launched WBTC Vault, marking the first time Bitcoin-backed minting of USDD was enabled. This upgrade now extends support to ETH and a broader range of assets.
- Users who mint USDD can participate in sUSDD staking, liquidity provision, and looping strategies, with funds allocated via Smart Allocator to established DeFi protocols to generate real yields.
- Compared to competitors, USDD Vault offers lower liquidation penalties, higher capital efficiency, and a more favorable loan-to-value (LTV) ratio, with a competitive underlying portfolio yield.
- USDD leverages native multi-chain deployments across TRON, Ethereum, and BNB Chain, enhancing protocol resilience and risk management capabilities.
- Latest data shows USDD's total value locked (TVL) has reached $2.23 billion, with a circulating supply of 1.49 billion tokens, laying the foundation for further ecosystem expansion.
- Future plans include expanding additional collateral asset types, strengthening partnerships with DeFi protocols and wallets, and exploring emerging use cases such as AI.
On August 24, USDD, a multi-chain decentralized overcollateralized stablecoin, announced the official launch of its Vault functionality on Ethereum, enabling users to mint USDD using ETH and WBTC as core collateral assets. This upgrade builds on the previous Vault deployment on the TRON network, marking USDD Vault's official entry into a dual-chain framework supported by ETH + BTC as dual-core mainstream asset collateral, providing more on-ramps for mainstream asset holders to participate in the USDD ecosystem.
In April this year, USDD successfully launched its WBTC Vault on the TRON network, achieving Bitcoin-collateralized USDD minting for the first time and opening a channel for BTC assets to enter USDD's yield system. The launch of this new Vault extends this capability to the Ethereum chain while expanding the collateral asset range from BTC to ETH and broader mainstream digital assets, forming a dual-chain parallel structure with the existing Vault on TRON, further enriching USDD's minting methods and capital use cases.
Building a Mainstream Asset-Driven Yield Loop
The new Vault is not just a minting gateway but a core component of USDD's yield ecosystem. After users mint USDD by collateralizing ETH or WBTC, they can seamlessly access USDD's interest-bearing and yield ecosystem, participating in strategies such as sUSDD staking, liquidity provision, and revolving loans. Unlike yield models that rely on short-term incentives, USDD allocates deposited capital to mature, highly liquid DeFi protocols through its Smart Allocator, continuously generating real yields for the ecosystem. This design positions mainstream assets like ETH and WBTC as the entry point for a sustainable yield loop, integrating asset collateralization, minting, and yield generation into a unified flow.
The key highlight of this launch is that both ETH and WBTC serve as core collateral assets for USDD minting, while the Vault expands from the TRON chain to the Ethereum chain, achieving dual-chain deployment and adding ETH as a mainstream asset class. The entire loop is clear and smooth: from collateralizing assets to minting USDD, then participating in yield strategies, with returns ultimately replenishing or being re-collateralized to form a virtuous cycle. Compared to similar competitors, the USDD Vault offers lower liquidation penalties, higher capital efficiency and loan-to-value (LTV) ratios, and more competitive underlying portfolio yields, delivering a superior on-chain minting experience for users.
Evolving from a Stablecoin Product to Multi-Chain Yield Infrastructure
The launch of this Vault marks USDD's comprehensive upgrade from a standalone stablecoin product to multi-chain yield infrastructure. By formally incorporating top-tier assets like ETH and BTC into its minting system, the Vault becomes a key hub connecting mainstream assets with on-chain yields. Leveraging its native multi-chain deployment across TRON, Ethereum, and BNB Chain, combined with diversified collateral asset types, USDD further strengthens protocol resilience and risk management capabilities, transforming stablecoins from passively held instruments into structured assets capable of continuously generating yields.
In terms of ecosystem expansion, the Vault will continue to convert ETH and WBTC holders into USDD ecosystem users while serving as a critical gateway for long-term asset accumulation. Going forward, USDD plans to expand additional collateral asset types, deepen partnerships with DeFi protocols, wallets, and infrastructure providers, and explore application scenarios in emerging fields such as AI. As the ecosystem continues to grow, users will gain access to more sustainable yield opportunities, DeFi strategies, and payment use cases, further enhancing the utility and capital efficiency of USDD and its Vault collateral assets.
According to the latest data, USDD's total value locked (TVL) has reached $2.23 billion, with a circulating supply of 1.49 billion tokens. The continuously growing asset scale and liquidity lay the foundation for further expansion of USDD's multi-chain ecosystem. With the official launch of the Vault on Ethereum, USDD will continue to leverage mainstream assets as a key entry point, enhancing stablecoin minting and capital allocation efficiency, refining its multi-chain yield system, and driving more digital assets to connect with sustainable on-chain yields—further evolving toward a multi-chain, composable yield infrastructure.
