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stUSDT is TRON's first Real World Asset (RWA) protocol, launched July 3, 2023, operated by JustLend DAO. Stake USDT (TRC-20) and receive stUSDT — a yield-bearing receipt token at 1:1. The stUSDT-RWA contract, governed by RWA DAO, allocates deposited USDT to US Treasury Bills and government bonds — the same assets backing money market funds. Returns flow back to stakers via a daily rebase mechanism that automatically increases your stUSDT balance. Current APY: ~4.7%. No minimum deposit. No lockup. Unstake 1:1 at any time.

Connect TronLink on this page. Select the Unstake tab and enter your stUSDT amount. The stUSDT-RWA contract redeems your stUSDT for USDT at the current 1:1 rate — including all accrued rebase rewards. Settlement takes 5-15 seconds on TRON with ~$0.001 gas fee. There is no lockup period and no minimum unstake amount. All your accrued daily rebase rewards are included in the redemption amount.

stUSDT pays approximately 4.7% APY — sourced from US Treasury Bills and government bonds. The APY has remained consistent at 4.7–4.8% for both TRON and Ethereum networks for over a year, making it one of the most stable on-chain yield products available. The rate tracks real-world government bond returns, not DeFi supply/demand. At 4.7% daily compound, 1,000 stUSDT grows to approximately 1,047 stUSDT after one year.

stUSDT uses a daily rebase mechanism. Every 24 hours, the stUSDT protocol calculates the T-bill yield earned and increases all stakers' balances proportionally. For example: stake 1,000 USDT, receive 1,000 stUSDT. After one day at 4.7% APY, your balance automatically becomes ~1,000.13 stUSDT in your wallet — with no action required. No claiming, no restaking, no compounding buttons. The stUSDT balance in your TronLink wallet simply grows every 24 hours.

No minimum deposit. stUSDT is designed to be accessible to all users — from any amount of USDT. There is also no maximum, no lockup period, and no registration required. Staking takes 5-15 seconds on TRON and costs approximately $0.001 in gas. Justin Sun described stUSDT as the "Yu'e Bao of Web3" — referencing Alibaba's accessible money market product that opened institutional-grade T-bill yields to retail users for the first time.

stUSDT is rebasing — your balance increases daily. wstUSDT (wrapped stUSDT, launched July 14, 2023) is non-rebasing — your balance stays constant but the underlying value grows as stUSDT accrues yield. wstUSDT is used for DeFi protocols that don't support rebasing tokens (such as Curve Finance, AMM liquidity pools). Unwrap wstUSDT at any time to recover stUSDT plus all yield. The stUSDT/crvUSD pool integration uses wstUSDT specifically for this reason.

RWA DAO is the decentralized governing body of stUSDT — a self-governing community focused on Real World Asset investment for stUSDT protocol. It votes on investment strategies (which T-bills, which government bonds, what allocation ratios), monitors risk via an Advisory Council, and ensures the stUSDT-RWA smart contracts remain stable. All governance decisions are on-chain. RWA DAO is separate from JustLend DAO (which operates the broader lending protocol) but works closely with it. Any stUSDT holder can participate in RWA DAO governance.

Yes. Approximately 74% of all stUSDT is deployed in JustLend DAO as collateral for borrowing other assets. This means most stUSDT holders are simultaneously earning ~4.7% APY from T-bill rebase AND using their stUSDT to borrow other assets (TRX, USDD, etc.) in JustLend — effectively double-utilizing the same capital. This is a significant advantage over holding USDT without staking. stUSDT can also be used in SunSwap liquidity pools and other TRON DeFi protocols.

Holding USDT earns 0% yield. stUSDT earns ~4.7% APY from US Treasury Bills — automatically, daily, with no action. On 10,000 USDT: holding earns $0/year; stUSDT earns ~$470/year at 4.7% APY. Additionally, stUSDT can be used as collateral in JustLend to borrow other assets, creating leverage. The only trade-offs are: (1) smart contract risk — the stUSDT-RWA contract could have bugs; (2) custodian risk — the RWA investments are managed off-chain by RWA DAO-approved institutions; (3) regulatory risk — RWA investments face real-world regulatory changes. For long-term USDT holders who aren't actively using their tokens, stUSDT is a meaningful yield improvement.

Yes. stUSDT launched on Ethereum on July 27, 2023 — three weeks after the TRON launch. The Ethereum version offers the same ~4.7-4.8% APY from T-bill returns. However, the TRON deployment is the primary and most liquid version: TRON hosts $78B in USDT supply (vs significantly less on Ethereum for TRC-20 USDT), offers near-zero gas costs for staking/unstaking, and carries 3-5 second finality. The stUSDT/crvUSD Curve pool uses the Ethereum version of wstUSDT for DeFi integrations.

stUSDT launched July 3, 2023 and hit $22 million TVL within the first 24 hours. By September 29, 2023, it ranked in the top 10 protocols on DefiLlama by TVL. By end of 2023, TVL reached $2.29 billion with 350,600+ stakers. stUSDT became TRON's first significant RWA product and one of the fastest-growing DeFi protocols by TVL in 2023. JustLend DAO total TVL (which includes stUSDT) exceeded $6.71B by February 2026, ranking 11th globally among all DeFi lending platforms.

stUSDT added TUSD (TrueUSD) staking support on August 14, 2023 — allowing TUSD holders to stake and earn yield via the same RWA mechanism. TUSD staking follows the same rebase and redemption model as USDT staking. Note: TrueUSD (TUSD) is a separate stablecoin from USDT and carries its own risk profile. If you hold TUSD and want to earn T-bill yield on TRON, the stUSDT protocol supports this. USDT staking remains the primary and most liquid product.