USDS

usds Rank #12 ASSET

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Market Data

USDS Price

USDS 24h Change

+0.03%

USDS 7d Change

+0.04%

USDS Market Cap

$10.96B

USDS 24h Volume

$58.21M

USDS FDV

$10.96B

USDS Circulating Supply

10,959,632,072

USDS All-Time High

$1.15

USDS Total Funding Raised

$61.50M

About USDS

USDS is the native decentralized stablecoin of the Sky ecosystem, serving as the upgraded successor to DAI. It is designed to maintain a soft peg to the U.S. Dollar through a reserve-backed model and collateralized debt positions. Users can mint USDS via Sky Vaults by depositing assets such as ETH, USDC, or tokenized real-world assets (RWAs). Within the ecosystem, USDS functions as a versatile tool for decentralized finance (DeFi), allowing for peer-to-peer lending and saving. It can be converted into sUSDS to earn protocol-generated rewards or used to acquire SKY governance tokens. The protocol aims to scale utility through 'Sky Stars'—semi-autonomous projects focusing on specialized areas like institutional credit and advanced lending.

Arbitrum Ecosystem Base Native DeFi Ethereum Ecosystem Fiat-backed Stablecoin Lending RWA Solana Ecosystem Stablecoin Protocol Stablecoins USD Stablecoin

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