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USDD Reports $2.21 Billion in Reserves and 146.99% Coverage

The October report listed 1,502,271,910 tokens in circulation as of Oct. 31. Smart Allocator's cumulative returns reached $33.59 million.

Updated 1 min read
A stablecoin reserve illustration pairs a dollar token with a larger stack of unmarked reserve bars. / EconoTimes.ai
A stablecoin reserve illustration pairs a dollar token with a larger stack of unmarked reserve bars. / EconoTimes.ai

Decentralized USD (USDD) listed a 146.99% collateral ratio in its October transparency report, based on $2.21 billion in reserves against about 1.5 billion tokens in circulation as of Oct. 31.

USDD Earn's BNB Chain TVL finished October 62.9% above its September close, according to the report. Average daily minting volume for USDD was 10.5% greater in October than the month before.

The report placed Smart Allocator at $33.59 million in cumulative returns at the close of October. Its October investment returns were 8.5% higher than September's, while average daily capital deployment increased 15%.

USDD's Q3 report put treasury revenue at $9.7 million and cumulative Smart Allocator returns at $32.16 million. EconoTimes previously covered USDD's Q3 treasury and allocator results, including $9.11 million in asset-allocation yields during the quarter.

For November, USDD's report named yield services and transfers as continuing priorities. It pointed readers to public reserve addresses and an on-chain dashboard for tracking reserve information.

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