Looking back at the end of 2025, the traditional wealth management market has fallen into a strange deadlock—returns are pitifully low, yet friction costs remain constant. You work hard for a year to earn 1.5% in Yuebao, but on the other hand, on-chain holders of USDD enjoy liquidity yields of 15% or even higher. This huge gap is not a matter of luck, but a result of two completely different financial systems competing.

Why is the difference so significant? The core reason is actually quite straightforward. Traditional financial products have to go through multiple layers of banks, payment gateways, auditing agencies, plus nationwide offline outlets and massive labor costs—all of which are deducted from the returns. By the time the earnings reach your account, they have long been stripped away.

In contrast, the logic behind USDD running on the Tron network is entirely different—it's all automated code execution, with no tellers, no office buildings, and no cumbersome middlemen. When the minting and burning arbitrage cycle between TRX and USDD kicks in, the entire process is a millisecond-level smart contract invocation. This structure, which removes intermediaries, directly unlocks efficiency, and this is the real reason why on-chain stablecoins can offer higher yields.

From another perspective, Web3's financial infrastructure is inherently lighter, with a completely different cost structure. This not only changes the logic of yield distribution but also allows users to truly experience the tangible benefits of decentralization.