Magma Finance is a CDP (Collateralized Debt Position) smart settlement plugin on the Sui network, while USDD is a fully decentralized USD stablecoin on TRON also using a CDP model. They differ by blockchain and role: Magma focuses on Sui’s settlement layer, USDD is a native stablecoin. Magma suits Sui ecosystem participants; USDD suits TRON users seeking a decentralized stablecoin.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $66.3KDefiLlama | $1.38BDefiLlama |
| MCap Rank | #390 | #50 |
| Total Raised | $6.0M | — |
| Founded | 2024 | 2022 |
| Stage | — | — |
| X / Twitter | 29K | 116K |
| GitHub Stars | — | — |
| Chains | iotexsui | bnb-chainethereumtron |
| Tags | DeFi, DEX, Decentralized Finance (DeFi) | DeFi, Stablecoin Protocol, Stablecoins |
Magma Finance is a DeFi protocol on Sui that unlocks native chain token liquidity with a one-time fee, offering IOTX-collateralized 0% loans and censorship-proof stablecoins. It is building a capital-efficient liquidity layer for the next wave of Sui DeFi, focusing on active liquidity and better market execution.
USDD is a fully decentralized stablecoin pegged to the US dollar through crypto reserves, managed by the TRON DAO Reserve. It operates on Tron, Ethereum, and BNB Chain, providing capital-efficient DeFi yield opportunities. The project aims to maintain price stability using a collateralized debt position (CDP) mechanism.