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USDS
(usds)
Price: $1
USDS market performance chart for the last seven(7) days.

Market Statistics

Market cap$9,689,508,809
Mkt cap rank: 13
Total volume$42,820,657
24h high$1.001000
24h Low$0.997057

Price Performance

Last 1 hour-0.0009%
Last 24 hours0.0320%
Last 7 days-0.0279%
Last 30 days0.0211%
Last 1 year0.0521%

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.