
USDS
USDS Rank #15USDS price chart (USD)
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Price change
1h
0.00%
24h
0.03%
7d
0.01%
14d
0.00%
30d
0.08%
60d
0.00%
200d
0.06%
1y
0.11%
USDS market statistics
- Market cap
- $8,627,485,153
- Fully diluted valuation
- $8,627,485,153
- 24h trading volume
- $67,832,084
- Volume / market cap
- 0.0079
- Circulating supply
- 8,627,377,308 USDS
- Total supply
- 8,627,377,308 USDS
- Max supply
- ∞ / not set
- Market rank
- #15
Historical price
All-time high
$1.06 5.42%
Oct 28, 2024
All-time low
$0.9483 5.46%
Oct 3, 2024
About USDS
USDS is the stablecoin of the decentralized Sky ecosystem, designed to maintain a soft peg (a value intended to stay close) to the U.S. dollar. It functions as a versatile tool for decentralized finance (DeFi), allowing value to move through the system via peer-to-peer lending and saving without a middleman. The token is 'put to work' by being supplied to various protocol modules; for example, users can convert USDS into sUSDS to earn interest from protocol revenue or lock it to receive SKY governance tokens.
As the ecosystem grows, this scales through "Sky Stars," which are semi-autonomous projects that expand the stablecoin’s utility into specialized areas like institutional credit and advanced lending.
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