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USDS

USDS

News
Tweets
Research
Pairs
Transaction
View All News
USDSGoogle Search Trends
Watermark
USDSTwitter weekly trends
Watermark
May-10-May-4
May-3-Apr-27
Apr-26-Apr-20
Tweets
Total
16
7
10
Views
Total
Average
135.09K
8.44K
107.17K
15.31K
104.32K
10.43K
Like
Total
Average
507
31
274
39
329
32
Comment
Total
Average
74
4
59
8
90
9
Shares
Total
Average
61
3
135
19
46
4

USDS Basic
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USDS Info

White paper
Website
sky.money
Contracts
Etherscan:0xdc...384f
Solscan:USDS...TwcA
Explorers
etherscan.io
solscan.io
Community
Twitter
Discord
Source code
github.com
Sector
StableCoin
First issue time
Sep 23, 2024
Watermark

USDS Intro

USDS is a decentralized stablecoin introduced by Sky Protocol, formerly known as MakerDAO. Launched in August 2024, USDS serves as an upgraded version of the original DAI stablecoin, maintaining a 1:1 peg to the U.S. dollar. This rebranding effort aims to enhance accessibility and scalability within the decentralized finance (DeFi) ecosystem.

In November 2024, Sky Protocol expanded USDS to the Solana blockchain, marking it as the first major DeFi-native stablecoin on Solana. This deployment seeks to boost Solana's DeFi liquidity and total value locked (TVL), offering users new opportunities for lending, borrowing, and trading. The integration utilizes Wormhole's Native Token Transfer (NTT) technology, ensuring seamless USDS operations across both Solana and Ethereum without the need for wrapped tokens.

To encourage early adoption, Sky Protocol has implemented several incentive programs. For instance, Kamino Finance users can earn up to 200,000 USDS weekly by providing liquidity to USDC/USDS pairs, with an additional 100,000 USDS weekly for stablecoin suppliers. Similar rewards are available on platforms like Drift Protocol and Save Finance, aiming to foster active participation and enhance liquidity within the ecosystem.

Overall, USDS stands as a cornerstone of the Sky Protocol, providing a stable and efficient financial tool designed to meet the evolving needs of a multi-chain DeFi ecosystem.

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USDS Price Live Data
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The live USDS price today is $0.9999 USD with a 24-hour trading volume of 13,787,533 USD. We update our USDS to USD price in real-time. USDS is -0.26% in the last 24 hours. The current SoSoValue marketcap ranking is # 26, with a live market cap of $ 7,080,653,287 USD. It has a circulating supply of 7,081,361,423 USDS coins and a max supply of ∞ USDS coins.
USDS
USDS
#26
$0
-0.26%
Total dollar volume24H
$13,787,533
High24H
$0.9999
Low24H
$0.9997
Market Cap
#26$7,071,614,055
FDV
$7,071,614,055
Market Cap / FDV Ratio
1.00
Turnover rate
0.19%
Circulating supply
7,081,361,423
Total supply
7,081,361,423
Max supply
∞
All time high
$1.23448
All time high date
Jan 19, 2025
Down from All time high
-19.00%
Cycle low
$0.93239
Cycle low date
Mar 02, 2025
Up from cycle low
7.24%
Contracts
Etherscan:0xdc...384f
Official links
Website
White paper
Socials
Twitter
Discord
Introduction

USDS is a decentralized stablecoin introduced by Sky Protocol, formerly known as MakerDAO. Launched in August 2024, USDS serves as an upgraded version of the original DAI stablecoin, maintaining a 1:1 peg to the U.S. dollar. This rebranding effort aims to enhance accessibility and scalability within the decentralized finance (DeFi) ecosystem.

In November 2024, Sky Protocol expanded USDS to the Solana blockchain, marking it as the first major DeFi-native stablecoin on Solana. This deployment seeks to boost Solana's DeFi liquidity and total value locked (TVL), offering users new opportunities for lending, borrowing, and trading. The integration utilizes Wormhole's Native Token Transfer (NTT) technology, ensuring seamless USDS operations across both Solana and Ethereum without the need for wrapped tokens.

To encourage early adoption, Sky Protocol has implemented several incentive programs. For instance, Kamino Finance users can earn up to 200,000 USDS weekly by providing liquidity to USDC/USDS pairs, with an additional 100,000 USDS weekly for stablecoin suppliers. Similar rewards are available on platforms like Drift Protocol and Save Finance, aiming to foster active participation and enhance liquidity within the ecosystem.

Overall, USDS stands as a cornerstone of the Sky Protocol, providing a stable and efficient financial tool designed to meet the evolving needs of a multi-chain DeFi ecosystem.

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