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stUSDT solidifies its position in DeFi with groundbreaking RWA integration, $58.6m in rewards, and record ecosystem growth in 2024.
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stUSDT is the first rebasing real-world asset (RWA) stable yield protocol on the TRON and Ethereum networks. Spearheading attempts to narrow the gap between retail and institutional investors, stUSDT looks back on a strong operational and financial year. The achievements of the year were driven by intuitive problem-solving and the company’s strong desire to create equitable opportunities for all to engage with real-world assets.
In 2024, stUSDT continued its involvement in exploring the integration of stablecoins with RWAs. The projects it undertook and the developments it made helped strengthen stUSDT’s position within the DeFi ecosystem and RWA space. Here are some of the achievements that stUSDT made in the bygone year.
Key metrics
stUSDT made substantial progress in various areas in 2024. Having amassed 25.5k members, stUSDT had a fruitful year in terms of community engagement. With the staking fee set at zero, the company now has 59.3 million staked and 353k stakers. Moreover, the platform has distributed $58.6 million in rebase rewards. The unlocking fee was set at 0.1%. These achievements are reflective of stUSDT’s public appeal and commitment to affordability.
Product upgrades
2024 was a dynamic year for stUSDT, especially in terms of product upgrades. In September 2024, stUSDT offered a more unified and streamlined user experience by integrating asset investment strategies on Ethereum and TRON.
In November 2024, stUSDT adopted an upgraded strategy blending RWA and on-chain investments. This effort was made to improve the APY and produce higher returns for users while also making sure that their assets were safe.
In July 2024, ChainSecurity conducted a detailed review of stUSDT’s smart contract. The resulting report and whitepaper revealed that no severe or risky vulnerabilities had been found. This assurance showcased stUSDT’s clear position within the real-world asset sector.
Ecosystem growth
Through optimized strategies, stUSDT’s ecosystem went through massive growth in 2024. In May, wstUSDT was listed on the liquidity restaking platform Swell L2, diving into the LRT space.
In early 2024, wstUSDT ascended to the No. 2 spot by Total Value Locked (TVL) in JustLend DAO’s lending market. Moreover, in January 2024, stUSDT joined the HTX DAO global ecosystem as a contributor, providing insights to better HTX DAO’s partnership network and enhance its protocol.
Integration
Another reason for celebration for the stUSDT team is their integration milestones. In January 2024, stUSDT was officially integrated into the DeFi analytics platform DefiLlama, where it consistently ranked as the second-largest Real World Asset (RWA) project by Total Value Locked (TVL).
Community events
On top of the already mentioned accomplishments, stUSDT hosted numerous events to strengthen its community bond. In March, the stUSDT team sponsored an event where participants could share their crypto stories in exchange for rewards.
In August 2024, stUSDT collaborated with JustLend DAO and USDD to host a three-phase Summer Airdrop Party. Building on this momentum, in November 2024, stUSDT partnered with the web3 task collaboration platform TaskOn to launch a staking promotion.
And finally, in December 2024, stUSDT co-hosted a Christmas celebration event with TaskOn, which was a huge hit.
Conclusion
Overall, stUSDT has enjoyed a prosperous year. Putting transformation at the center, the team at stUSDT made significant progress with its initiatives. stUSDT has been able to make great strides in growing its ecosystem, advancing its tools and engaging its community in 2024. Looking ahead, 2025 could be an even more productive year for the protocol.
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