US
Stablecoins
USDS
USDS
$0.999351-0.04%12 Nov 2026, 10:06 IST
Synchronized market dataUSD reference price · venues may differResearch market value, supply and liquidity separately
THE ASSET
Understand the token.
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.
MARKET HISTORY
Price in perspective
Timestamped price historyOnly actual observations from the connected source will be plotted.
TOKENOMICS
Look at the supply side.
Circulating and fully diluted values describe different things.
Why compare market cap and FDV?
Market cap uses circulating supply. Fully diluted valuation uses the source's diluted supply convention. A gap can indicate potential dilution; it does not predict when tokens will enter circulation.
MARKET CONTEXT