- Coins 17 046
- Exchanges 1 272
- Market Capitalization $3 449 246 364 600
- 24h Trading Volume $122 993 764 946
- Dominance BTC 59.73% ETH 9.10%
USDS (usds) Live Chart
| Crypto Rank | Name | Current Price | 24h Price Change | Total Supply | Circulating Supply | |
|---|---|---|---|---|---|---|
| 14 |
USDS
USDS
USDS
| $ 1.00 | + 0.03% | 9 931 786 279 | 9 931 786 279 | X-Ray |
USDS (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.
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