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USDS Price, Overview, Tokenomics & FAQ

USDS overview with current market snapshot, tokenomics, storage guidance, FAQs, related crypto news, and educational links.

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USDS Ethereum

Price

$0.9999

Market cap

$11,340,293,413

24h change

-0.02%

Overview

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.

Market Snapshot

Current price: $1.00
Market cap rank: 12
Chain: Ethereum

How It Works

Use this record to add editorial context, FAQs, use cases, and storage guidance for USDS.

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FAQs

What is 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.

What is the USDS ticker symbol?

USDS is commonly identified by the ticker USDS.

How can USDS be stored?

Review compatible wallet guidance, network support, and self-custody best practices before storing USDS.

What should users review before researching USDS?

Review market-cap rank, supply metrics, recent news, chain ecosystem, and jurisdiction-specific guidance before relying on the information.