USDS
usdsRank #14$1.00+0.36%(24h)Mcap $9.59B
◈ TL;DR+0.36% 24h
USDS is Sky’s multi‑chain, fiat‑backed stablecoin with a soft USD peg and a revenue‑sharing layer (sUSDS) plus SKY governance incentives.
Key strength
Its biggest strength is combining a USD peg with on‑protocol yield and multi‑chain distribution, which can attract DeFi liquidity looking for yield while holding dollars.
Key risk
Its biggest risk is reserve/custodian opacity and reliance on protocol revenue plus incentives — any loss of reserve confidence, exploit, or revenue drop could trigger a rapid depeg.
59
/ 100
Horizon ScoreNeutralQuick estimate
Neutral — technicals is the strongest signal, market fundamentals the weakest.
80% confidence
What drives it
Technicals
64
Fundamentals
52
Sentiment—
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…
USDS price
Supply & Tokenomics
Circulating supply9.58B USDS
100.0% of total9.58B
Market Cap
$9.59B
Fully Diluted Valuation
$9.59B
Total Supply
9.58B
Max Supply
∞
Key Metrics
All-Time High
$1.06
-5.30% · Oct 28, 2024
All-Time Low
$0.9483
+5.56% · Oct 3, 2024
24h High
$1.01
24h Low
$0.9951
Mkt Cap Dominance
—
Volume / Mcap
0.029
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