$0.999
0.00%(24h)
0.00001245
-0.28%(24h)
Public notice
USDS is now tracking the circulating supply of USDS along with the amount of wrappers such as DAI
Supply
Overview
| All-Time High | $1.05 Oct 28, 2024-5.45% |
| All-Time Low | $0.948 Oct 3, 20245.43% |
Price Performance
$0.999
$1.00
Explorers
Contracts
0xdc035d...7384f
USDS converter
What is 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.
