USDS USDS
stablecoinchain EthereumRank 14 by market cap
This section is informational. Data comes from public sources and is not investment advice. Digital assets are volatile and may lose value.
Key figures
- Market cap
- 9.57 B $supply as of 2026-09-17
- FDV
- —not defined
- 24h turnover
- 226.6 K $
- Turnover to market cap
- 0.00 %
- Circulating
- 9.56 B USDS
- Market cap rank
- 14
About the coin
The dollar token of Sky — the ecosystem that grew out of MakerDAO and its DAI stablecoin. USDS is offered as an updated take on the same machinery: collateral sits in smart contracts, and minting and redemption follow protocol rules rather than an issuing company's decisions.
Holders get an interest mechanism: the token can be deposited into the protocol's savings contract, where the yield is assembled from borrower payments and collateral returns, with the rate set by governance votes. Conversion between USDS and the older DAI is open in both directions at par, so the two versions coexist rather than one forcibly replacing the other. Governance lives in a separate token, and decisions on rates, collateral and limits are made by the people holding it.
The dollar peg is upheld not by a bank account but by the protocol's balance sheet and its ability to retire tokens against the collateral behind them. Both tokens draw on the same pool of collateral, so what separates them is rules and interface rather than backing.
Part of the collateral behind such protocols consists of centralised dollar tokens, so their independence from the banking system is only partial.
A reference description of the project, not investment advice.
Return by period
Periods from a week are calendar-based, from midnight UTC. The 24-hour figure is a rolling window from the current price — different bases, not a discrepancy.
| Period | USDS |
|---|---|
| 24 hoursrolling | +0.03 % |
| 7 days | +0.02 % |
| 30 days | −0.05 % |
| 90 days | −0.05 % |
| year to date | — |
| 1 year | — |
Supply and issuance
We compute market cap from circulating supply, so its date matters as much as the price.
- Circulating
- 9.56 B USDS
- Total issued
- 9.56 B USDS
- Maximum
- —
This asset declares no maximum supply, so it has no circulating share to speak of.
Risk and statistics
Computed by us from our own history. This section shows no buy/sell ratings — these are values, not verdicts.
- 30d volatility
- 0.32 %
- 90d volatility
- 0.36 %
- Maximum drawdown over a year
- —
- Maximum drawdown all time
- −0.16 %
- Beta to bitcoin
- -0,00
- Correlation with bitcoin
- -0,43
- From the all-time high
- −0.10 %All-time high: 1.001 $, 2026-06-25
- From the all-time low
- +0.10 %All-time low: 0.9993 $, 2026-04-13
- 52-week range
- 0.9993 — 1.001 $
- History depth
- 161 days
Technical indicators
- RSI (14)
- 50.0
- Distance from MA50
- −0.00 %
- Distance from MA200
- —
- 24-hour range
- 1.000 — 1.001 $
- 24h turnover
- 226.6 K $
Network
- Main network
- Ethereum
- Contract address
- 0xdc035d45…e407384f
Converter
At the price as of 19:40 UTC — a moment's rate, not a live tick.
1 USDS = 1.00 $
Sources and coverage
- Price: Binance, pair USDSUSDT.
- History: 161 days in our database
- Market cap and supply — Powered by CoinGecko
- Prices — Binance public market data