Data: sUSDD TVL surpasses 1 million USD, offering 12% APY savings yield

ChainCatcher News, according to official sources, the total value locked (TVL) of the decentralized stablecoin USDD interest-bearing token sUSDD has surpassed 1 million USD.

sUSDD was officially launched on October 6, providing a decentralized and transparent savings system. Users can convert USDD to sUSDD, and after depositing, they can automatically enjoy an annual percentage yield (APY) of 12% without the need for staking or locking, thus achieving asset appreciation.

According to the official statement, the launch of sUSDD makes crypto asset savings more accessible, safer, and user-friendly, marking a new chapter for DeFi.