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USDS
(usds)
Price: $0.999
USDS market performance chart for the last seven(7) days.

Market Statistics

Market cap$10,948,264,379
Mkt cap rank: 12
Total volume$50,458,766
24h high$0.999828
24h Low$0.999395

Price Performance

Last 1 hour-0.0281%
Last 24 hours-0.0115%
Last 7 days-0.0098%
Last 30 days-0.0264%
Last 1 year-0.0326%

About 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.