USDS USDS
Rank #14$1.00▲ +0.02%(24h)▲ +0.03%(7d)
24h Low $0.99971324h High $1.00
Market Cap
$10.25B
24h Volume
$147.54M
Circulating
10.25B USDS
All-Time High
$1.06
USDS Price Chart
Range: $0.999357 — $1.00
July 19, 2026October 4, 2026
Key Metrics
Market Cap
$10.25B
Volume (24h)
$147.54M
Circulating Supply
10.25B USDS
Max Supply
N/A
USDS Converter
USDS Converter
USDS
$USD
1 USDS = $1.00
USDS Historical Data
| All-Time High | $1.06 (October 29, 2024) |
| All-Time Low | $0.948265 (October 3, 2024) |
Where to Buy USDS
About USDS (USDS)
What is USDS? The Sky ecosystem's stablecoin explained
USDS is the native stablecoin of Sky, the protocol formerly known as MakerDAO, engineered to hold a soft peg to the U.S. dollar. It functions as a settlement and savings asset inside decentralized finance, letting value move peer-to-peer without a bank or custodial intermediary. Holders can convert USDS into sUSDS to earn yield from protocol revenue, or lock it for SKY governance tokens, extending the original DAI model into an active incentive layer. As the ecosystem grows, semi-autonomous modules called Sky Stars extend USDS's utility into specialized areas such as institutional credit and structured lending.
USDS price today: metrics and peg drivers
- USDS trades near $0.9995, a few basis points below its $1 target, reflecting normal stablecoin peg noise rather than depreciation
- Market capitalization stands at roughly $9.84 billion, placing USDS 13th by rank among all tracked crypto assets
- Circulating supply of about 9.84 billion tokens closely matches total supply of 9.82 billion, consistent with fully collateralized issuance
- Daily trading volume of around $155 million is modest relative to market cap, typical for a settlement-focused stablecoin
- Its all-time high of $1.057, reached in October 2024, marks a temporary peg deviation rather than sustained price growth
- Peg stability depends on collateral backing levels in Sky's vault system and the sUSDS savings rate set by governance
How USDS works, compares to DAI, and expands across chains
USDS is minted against collateral locked in Sky's overcollateralized vault system, the same structure that previously backed DAI; users borrow USDS against approved assets and repay a stability fee to reclaim their collateral. A share of that fee revenue funds the sUSDS savings rate, giving USDS a built-in yield that DAI lacked at scale, while locking USDS for SKY tokens ties long-term holders into governance. Because USDS is convertible from DAI on a 1:1 basis, the comparison between them is less about competing designs and more about which token carries Sky's active incentive layer. USDS is also deployed natively on Ethereum, Base, Arbitrum, and Solana, widening its DeFi footprint beyond centralized fiat-backed stablecoins like USDT or USDC, though it still depends on the market value of its locked collateral rather than bank-held reserves.
Technical data
FAQ
What is USDS (USDS)?
USDS is a cryptocurrency traded under the ticker USDS. It currently ranks #14 by market capitalization, with a total market value of approximately $10.25B. On this page you can view its live price, charts, 24-hour performance, and key supply metrics.
How is the USDS price determined?
USDS's price is set by supply and demand across global cryptocurrency exchanges. Live quotes are aggregated from hundreds of trading pairs and reflect market sentiment, trading volume, on-chain activity, liquidity, and macroeconomic conditions. The current price is $1.00.
How has USDS performed recently?
Over the past 24 hours, USDS is up +0.02%. Over the past 7 days it has gained +0.03%. You can review the full price history and select different time ranges using the chart above.
What is USDS's maximum supply?
USDS does not have a fixed maximum supply. Approximately 10.25B USDS are currently in circulation, and new coins may continue to be issued depending on the protocol's emission schedule.
What is USDS's all-time high price?
USDS reached its all-time high of $1.06. The all-time high represents the peak market price the asset has ever traded at across major exchanges. Historical peaks are useful reference points when evaluating long-term price action and drawdowns.
Where can I buy USDS?
USDS is available on most major cryptocurrency exchanges. Look for the USDS/USD or USDS/USDT pair. See the "Where to Buy" table above for live trading venues, or browse our curated list of top-rated exchanges for the safest and most liquid options.
Is USDS a good investment?
No cryptocurrency can be guaranteed to rise in value. USDS has advantages such as a transparent supply schedule and public market data, but it also carries high volatility, regulatory risk, and liquidity risk. Always do your own research, consider your risk tolerance, and never invest more than you can afford to lose.
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