Live · updated 8 minutes ago
USDS Price chart
Key stats
Performance
How the price moved over each period.
Supply
9.59B USDS circulate. No maximum supply is set.
- Circulating
- 9.59B
- Total supply
- 9.59B
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 1.80% of market cap. Normal turnover for its size.
$9.59B market cap, rank #14. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
5.4% below its all-time high of $1.06.
Largest recent swing: 0.01% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is USDS (USDS)?
USDS is a US dollar stablecoin from the Sky protocol, the rebranded successor to MakerDAO. It launched on 18 September 2024 alongside the SKY governance token as the next-generation version of the DAI stablecoin and the MKR token. USDS aims to track one US dollar and is minted against collateral held in the Sky protocol rather than being issued by a bank or a single company.
How USDS works
Sky is a decentralized lending and savings system. Users lock approved collateral and generate USDS against it, and the protocol's smart contracts enforce collateral requirements. Several routes lead to USDS:
- Upgrading DAI. DAI converts to USDS one-to-one through the official upgrade contract, and the upgrade is optional. Legacy DAI continues to exist.
- Peg Stability Module. USDS and USDC can be swapped one-to-one with no protocol fee and no slippage through the Sky.money app.
- Savings. Holders can deposit USDS to receive sUSDS, which earns the Sky Savings Rate. This rate is variable, is funded from protocol surplus, and can change at any time.
SKY holders vote on protocol parameters, and staking SKY lets participants earn rewards and borrow USDS against it. Sky.money is a non-custodial interface operated by Skybase International; it does not hold user assets or control the protocol contracts.
USDS supply and token design
USDS has no fixed cap. New USDS is created when users borrow against collateral and is destroyed when debt is repaid, so supply moves with demand. Live circulating supply is shown in the market data on this page. The collateral backing the system is published by the Sky ecosystem, and its collateral dashboard breaks down what supports USDS. The main contract is on Ethereum at 0xdc035d45d973e3ec169d2276ddab16f1e407384f, and USDS is also available on other networks such as Base, Arbitrum and Solana. Always check addresses against official links, because counterfeit stablecoins exist.
Official information is on sky.money.
What to check before using USDS
- USDS is backed by on-chain collateral and protocol mechanisms, not by cash in a bank account. Sharp collateral price falls or a smart contract flaw can pressure the peg.
- The peg relies in part on conversion with USDC, so problems at the USDC issuer could also affect USDS.
- Savings and reward rates are variable and set by the protocol or by governance. They are not guaranteed.
- Sky is governed by token holders, who can change risk parameters and collateral choices.
- Check which of Sky's apps and features are available in your country before relying on them, and treat third-party sites that imitate Sky.money with caution.
USDS project profile
- Launched
- September 18, 2024
- Open source
- No
- Hardware wallet support
- Yes
Token contracts
- Ethereum:
0xdc035d…07384f - Base:
0x820c13…8921dc - Arbitrum One:
0x6491c0…9b876b - Solana:
USDSwr9A…1vTwcA
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
USDS market analysis
With a market capitalisation of $9.59 billion, USDS (USDS) is classed as a mid-cap asset and ranks #14 of 1,342 cryptocurrencies with a reported market cap on CryptoWave, larger than about 99.0% of them. It accounts for roughly 0.36% of the combined tracked market value. Mid-cap assets sit between the established majors and the speculative long tail, so both growth and drawdowns can be sharp.
Over the last 24 hours roughly $172.70 million of USDS changed hands, equal to 1.80% of its market cap, which puts its trading volume ahead of about 98.1% of tracked assets. That is a quiet level of turnover, so large orders may meet limited depth. Its turnover ratio is higher than that of about 32% of tracked assets.
Price action: USDS moved −0.01% in 24 hours and +0.00% over 7 days. It outperformed Bitcoin by 1.69 percentage points over 24 hours and by 3.85 points over 7 days. Against the median tracked coin (ahead by 2.12 points on the day and ahead by 6.14 points on the week), it has been a relative strength in recent sessions.
To overtake Monero (XMR) just above it, USDS would need to grow its market cap by about 19.2%; it is 9.3% larger than WhiteBIT Coin (WBT) just below. Its market cap is 0.62% of Bitcoin's.
Based on market data; not investment advice.
USDS FAQ
What is USDS?
USDS is a US dollar stablecoin from the Sky protocol, formerly MakerDAO. It launched on 18 September 2024 as the upgraded version of DAI.
What is USDS used for?
USDS is used as a dollar-denominated stablecoin for payments, trading and DeFi. Holders can also deposit it to receive sUSDS, which earns the variable Sky Savings Rate.
How is USDS different from DAI?
USDS is the newer version, and DAI can be upgraded to USDS one-to-one. The upgrade is optional, so legacy DAI still exists.
Who issues USDS?
USDS is issued by the Sky protocol's smart contracts when users generate it against collateral. It is not issued by a bank.
Price history
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| 2026-08-03 | $0.9998000 | $1.00 | $0.9980000 | $1.00 |
| 2026-08-04 | $1.00 | $1.00 | $0.9977000 | $0.9998000 |
| 2026-08-05 | $0.9998000 | $1.00 | $0.9973000 | $0.9999000 |
| 2026-08-06 | $0.9999000 | $1.00 | $0.9993000 | $0.9998000 |
| 2026-08-07 | $0.9998000 | $1.00 | $0.9995000 | $0.9999000 |
| 2026-08-08 | $0.9999000 | $1.00 | $0.9996000 | $1.00 |
| 2026-08-09 | $1.00 | $1.00 | $0.9984000 | $0.9998000 |
| 2026-08-10 | $0.9998000 | $1.01 | $0.9989000 | $1.00 |
| 2026-08-11 | $1.00 | $1.03 | $0.9991000 | $0.9998000 |
| 2026-08-12 | $0.9998000 | $1.00 | $0.9991000 | $0.9998000 |
| 2026-08-13 | $0.9998000 | $1.00 | $0.9998000 | $0.9998000 |
| 2026-08-14 | $0.9998000 | $1.00 | $0.9875000 | $0.9998000 |
| 2026-08-15 | $0.9998000 | $1.00 | $0.9997000 | $0.9999000 |
| 2026-08-16 | $0.9999000 | $1.00 | $0.9998000 | $1.00 |
| 2026-08-17 | $1.00 | $1.00 | $0.9998000 | $1.00 |
| 2026-08-18 | $1.00 | $1.00 | $0.9988000 | $1.00 |
| 2026-08-19 | $1.00 | $1.00 | $0.9995000 | $0.9999000 |
| 2026-08-20 | $0.9999000 | $1.00 | $0.9998000 | $0.9999000 |
| 2026-08-21 | $0.9999000 | $1.00 | $0.9998000 | $0.9999000 |
| 2026-08-22 | $0.9999000 | $1.00 | $0.9996000 | $1.00 |
| 2026-08-23 | $1.00 | $1.00 | $0.9990000 | $0.9998000 |
| 2026-08-24 | $0.9998000 | $1.00 | $0.9998000 | $0.9999000 |
| 2026-08-25 | $0.9999000 | $1.00 | $0.9998000 | $0.9999000 |
| 2026-08-26 | $0.9999000 | $1.00 | $0.9991000 | $0.9999000 |
| 2026-08-27 | $0.9999000 | $1.00 | $0.9999000 | $1.00 |
| 2026-08-28 | $1.00 | $1.00 | $0.9998000 | $1.00 |
| 2026-08-29 | $1.00 | $1.01 | $0.9998000 | $1.00 |
| 2026-08-30 | $1.00 | $1.00 | $0.9995000 | $0.9999000 |
| 2026-08-31 | $0.9999000 | $1.00 | $0.9998000 | $0.9999000 |
| 2026-09-01 | $0.9999000 | $1.00 | $0.9950000 | $0.9999000 |
| 2026-09-02 | $0.9999000 | $0.9999000 | $0.9992000 | $0.9997000 |
| 2026-09-03 | $0.9997000 | $1.00 | $0.9996000 | $0.9997000 |
| 2026-09-04 | $0.9997000 | $1.00 | $0.9989000 | $0.9998000 |
| 2026-09-05 | $0.9998000 | $1.00 | $0.9998000 | $1.00 |
| 2026-09-06 | $1.00 | $1.00 | $0.9996000 | $0.9999000 |
| 2026-09-07 | $0.9999000 | $1.00 | $0.9994000 | $0.9999000 |
| 2026-09-08 | $0.9999000 | $1.00 | $0.9995000 | $1.00 |
| 2026-09-09 | $1.00 | $1.00 | $0.9995000 | $0.9999000 |
| 2026-09-10 | $0.9999000 | $1.00 | $0.9987000 | $0.9999000 |
| 2026-09-11 | $0.9999000 | $1.01 | $0.9962000 | $0.9999000 |
| 2026-09-12 | $0.9999000 | $1.00 | $0.9997000 | $0.9998000 |
| 2026-09-13 | $0.9998000 | $1.00 | $0.9998000 | $0.9998000 |
| 2026-09-14 | $0.9998000 | $1.00 | $0.9997000 | $0.9998000 |
| 2026-09-15 | $0.9998000 | $1.01 | $0.9987000 | $1.00 |
| 2026-09-16 | $1.00 | $1.00 | $0.9995000 | $1.00 |
| 2026-09-17 | $1.00 | $1.00 | $0.9997000 | $0.9999000 |
| 2026-09-18 | $0.9999000 | $1.00 | $0.9998000 | $1.00 |
| 2026-09-19 | $1.00 | $1.00 | $0.9998000 | $0.9999000 |
| 2026-09-20 | $0.9999000 | $1.00 | $0.9998000 | $1.00 |
| 2026-09-21 | $1.00 | $1.00 | $0.9998000 | $0.9999000 |
| 2026-09-22 | $0.9999000 | $1.00 | $0.9996000 | $1.00 |
| 2026-09-23 | $1.00 | $1.00 | $0.9997000 | $1.00 |
| 2026-09-24 | $1.00 | $1.00 | $0.9998000 | $0.9999000 |
| 2026-09-25 | $0.9999000 | $1.00 | $0.9998000 | $0.9998000 |
| 2026-09-26 | $0.9998000 | $1.00 | $0.9998000 | $0.9998000 |
| 2026-09-27 | $0.9998000 | $1.00 | $0.9987000 | $0.9998000 |
| 2026-09-28 | $0.9998000 | $1.00 | $0.8696000 | $0.9999000 |
| 2026-09-29 | $0.9999000 | $1.00 | $0.9994000 | $0.9999000 |
| 2026-09-30 | $0.9999000 | $1.01 | $0.9990000 | $1.00 |
| 2026-10-01 | $1.00 | $1.00 | $0.9998000 | $1.00 |
| 2026-10-02 | $1.00 | $1.00 | $0.9992000 | $0.9998000 |
| 2026-10-03 | $0.9998000 | $1.00 | $0.9998000 | $1.00 |
| 2026-10-04 | $1.00 | $1.01 | $0.9976000 | $0.9998000 |
| 2026-10-05 | $0.9998000 | $1.00 | $0.9998000 | $0.9998000 |
| 2026-10-06 | $0.9998000 | $1.00 | $0.9998000 | $0.9999000 |
| 2026-10-07 | $0.9999000 | $1.01 | $0.9996000 | $0.9999000 |
| 2026-10-08 | $0.9999000 | $1.00 | $0.9997000 | $0.9998000 |
| 2026-10-09 | $0.9998000 | $1.00 | $0.9997000 | $0.9998000 |
| 2026-10-10 | $0.9998000 | $1.00 | $0.9998000 | $0.9999000 |
| 2026-10-11 | $0.9999000 | $1.00 | $0.9997000 | $0.9999000 |
| 2026-10-12 | $0.9999000 | $1.00 | $0.9997000 | $0.9998000 |
| 2026-10-13 | $0.9998000 | $1.00 | $0.9994000 | $1.00 |
| 2026-10-14 | $1.00 | $1.00 | $0.9994000 | $0.9998000 |
| 2026-10-15 | $0.9998000 | $1.00 | $0.9997000 | $0.9999000 |
| 2026-10-16 | $0.9999000 | $1.00 | $0.9998000 | $1.00 |
| 2026-10-17 | $1.00 | $1.00 | $0.9998000 | $1.00 |
| 2026-10-18 | $1.00 | $1.00 | $0.9997000 | $0.9998000 |
| 2026-10-19 | $0.9998000 | $1.00 | $0.9996000 | $0.9999000 |
| 2026-10-20 | $0.9999000 | $1.00 | $0.9997000 | $1.00 |
| 2026-10-21 | $1.00 | $1.00 | $0.9997000 | $1.00 |
| 2026-10-22 | $1.00 | $1.00 | $0.9998000 | $1.00 |
| 2026-10-23 | $1.00 | $1.00 | $0.9997000 | $0.9997000 |
| 2026-10-24 | $0.9997000 | $1.00 | $0.9997000 | $1.00 |
| 2026-10-25 | $1.00 | $1.00 | $0.9997000 | $0.9998000 |
| 2026-10-26 | $0.9998000 | $1.00 | $0.9994000 | $0.9998000 |
| 2026-10-27 | $0.9998000 | $1.00 | $0.9994000 | $0.9998000 |
| 2026-10-28 | $0.9998000 | $1.00 | $0.9969000 | $0.9998000 |
| 2026-10-29 | $0.9998000 | $1.00 | $0.9988000 | $0.9999000 |
| 2026-10-30 | $0.9999000 | $1.00 | $0.9932000 | $1.00 |
| 2026-10-31 | $1.00 | $1.01 | $0.9998000 | $0.9999000 |
| 2026-11-01 | $1.00 | $1.00 | $0.9739000 | $1.00 |