USDD reserve assets $2.21 billion… collateral ratio 146.99%

USDD, the TRON-linked overcollateralized stablecoin, reported $2.21 billion in reserve assets against roughly 1.5 billion tokens in circulation as of October 31, putting its collateralization ratio at 146.99%, according to its monthly transparency report. Average daily issuance rose 10.5% in October versus September, signaling accelerating mint activity even as the outstanding supply balance is measured separately at month-end. The disclosure matters because reserve backing is the core trust metric for algorithmic-adjacent stablecoins, and the above-100% ratio indicates claims remain fully covered on paper. Watchers should focus on whether the issuance uptick persists into November and whether reserve composition details in future reports keep pace with supply growth.