Market Context
Stablecoin market cap $288.1B 24h stablecoin volume $69.9B
Volume / market cap 24.3%
BTC $81,156 -3.20%
ETH $2,382 -3.30%
Updated Oct 23, 2026 01:47 UTC

USDS

USDS • Decentralized stablecoin by Sky Protocol (formerly MakerDAO)

Crypto Backed
$0.9995
-0.10% (24h)

Market Statistics

Current Price
$0.999477
Market Cap
$9.9B
24h Volume
$169.5M
24h Change
-0.10%
Data from CoinGecko • Refreshes on page load
Quick Facts
Backing:
Overcollateralized crypto + RWA
Issuer:
Sky Protocol

About USDS (USDS)

Decentralized stablecoin by Sky Protocol (formerly MakerDAO)

USDS is a crypto-backed stablecoin, maintaining its peg through overcollateralization with cryptocurrency assets. This decentralized approach offers transparency and censorship resistance while maintaining dollar stability.

Key Features

  • Stability Mechanism: Overcollateralized crypto + RWA
  • Regulatory Status: Varies by jurisdiction
  • Use Cases: Trading, DeFi, payments, remittances
  • Network: Multi-chain support (Ethereum, BSC, others)

Other Stablecoins

Dai (DAI)

Legacy decentralized stablecoin (upgrading to USDS)

Crypto Backed
GHO (GHO)

Aave DeFi-native stablecoin

Crypto Backed
Liquity USD (LUSD)

Decentralized ETH-collateralized stablecoin

Crypto Backed