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The USDD stablecoin ecosystem reaches a new development milestone—total value locked (TVL) surpassing $1 billion. This milestone indicates that the application scope and depth of USDD in DeFi protocols are continuously expanding, with more and more liquidity providers choosing to participate in mining and lending within this ecosystem. From the flow of funds, the growth of stablecoin TVL often reflects market recognition of its risk management and also signals that the derivative products and application scenarios within this ecosystem are constantly improving.