USDS STABLECOIN OVERVIEW

USDS Stablecoin Price Today and Market Data

USDS is the native stablecoin of Sky Protocol and the upgraded version of DAI. It is designed to track the value of the US dollar while providing a transferable digital asset for payments, trading and decentralized finance.

Track the USDS stablecoin price, distance from its $1 peg, market capitalization, 24-hour trading volume and circulating supply. USDS does not generate yield automatically, although it can be supplied to separate Sky Protocol products such as sUSDS where available.

LIVE USDS PRICE

Live USDS Stablecoin Price Chart

Follow the USDS price across 24 hours, 7 days, 1 month, 1 year or its full available history. The $1 reference line makes changes in the peg easier to identify, while the chart tooltip shows the price, distance from the peg and trading volume at any available time.

Above period open Below period open Period open $1.00 peg Trading volume
Market data: CoinGecko Hover over the chart to view price and volume

PRICE PERFORMANCE

USDS Peg Performance

USDS is designed to remain close to $1, so its performance is better measured through price ranges and peg deviations than conventional investment returns. Compare how closely USDS has tracked its target across short-term and longer periods.

One Day Current $1.0011
Period low $0.9996
Period high $1.0041
LowHigh
Largest deviation 0.025% below $1
One Week Current $1.0011
Period low $0.9997
Period high $1.0003
LowHigh
Largest deviation 0.025% above $1
One Month Current $1.0011
Period low $0.9968
Period high $1.0009
LowHigh
Largest deviation 0.323% below $1
One Year Current $1.0011
Period low $0.9968
Period high $1.0009
LowHigh
Largest deviation 0.323% below $1

Market data: CoinGecko Peg measured against $1 USD

MARKET CONTEXT

What Is Keeping USDS Near $1?

Coin Insider Market Desk 2:28 AM

USDS is trading close to its $1 target. Current liquidity, conversions through Sky Protocol and market demand are helping keep the USDS stablecoin near its intended value.

Small deviations can still occur across individual exchanges. Comparing the current price, trading volume and available market liquidity provides more context than the price movement alone.

What Can Affect the USDS Peg?

  1. 1
    Peg Stability Module Liquidity

    Sky Protocol’s Peg Stability Module supports conversions between USDS and approved stablecoins. Available liquidity, conversion limits and fees can affect how efficiently price differences around $1 are corrected.

  2. 2
    Minting and Conversion Flows

    Minting, conversion and redemption activity can change how much USDS is available to the market. Stronger demand may expand supply, while conversions out of USDS can reduce circulating availability.

  3. 3
    Exchange Liquidity and Market Depth

    USDS can trade at slightly different prices across exchanges and decentralized markets. Lower volume or thinner order books can make short-term deviations from the $1 peg larger or slower to correct.

  1. 4
    Collateral Health and Risk

    USDS is supported by collateral managed through Sky Protocol. Changes in collateral values, vault health, liquidations and perceived protocol risk can affect confidence in the stablecoin and its $1 peg.

  2. 5
    Savings and DeFi Demand

    Demand for USDS across lending markets, liquidity pools and other DeFi applications can influence how much USDS is held or traded. Changes in savings demand may also affect liquidity around the peg.

  3. 6
    Sky Governance and USDS News

    Sky governance can change collateral rules, conversion conditions, protocol parameters and supported integrations. USDS stablecoin news around these decisions can affect market activity and confidence in the peg.

MARKET NEWS

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RELATED ASSETS

Explore Similar Coins to USDS

Compare USDS with other dollar-pegged assets and tokens connected to Sky Protocol. Although these assets may operate within similar markets, they differ in backing, governance, yield access and intended use.

USDC USDC
Rank #5
$1.00
▼ 0.00%
Dollar-pegged stablecoin
Market cap $70.3B
24h volume $12.9B
Tether USDT
Rank #3
$0.9990
▼ 0.00%
Dollar-pegged stablecoin
Market cap $176.9B
24h volume $50.3B
Dai DAI
Rank #23
$1.00
▼ 0.01%
Sky Protocol predecessor
Market cap $4.5B
24h volume $150.79M
Ethereum ETH
Rank #2
$2,127.87
▼ 0.43%
Primary settlement network
Market cap $260.0B
24h volume $13.2B
Bitcoin BTC
Rank #1
$75,150.01
▲ 0.27%
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Market cap $1.51T
24h volume $30.2B
Solana SOL
Rank #7
$86.49
▼ 0.54%
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Market cap $51.1B
24h volume $2.5B
Aave AAVE
Rank #44
$132.01
▲ 3.84%
DeFi lending market
Market cap $2.0B
24h volume $236.27M
XRP XRP
Rank #6
$1.10
▼ 1.17%
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Market cap $70.1B
24h volume $2.3B
BNB BNB
Rank #4
$690.17
▲ 0.48%
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24h volume $836.43M
TRON TRX
Rank #8
$0.3176
▼ 0.56%
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24h volume $313.96M