sUSDS

$4.9B market cap

Issued by Sky Protocol · reviewed 10 October 2026

Market cap: $4.91B +5.26% 7d
30-day trend
Volume / market cap: 0.0%
Peg drift, 30 days: 11.00%

Market data as of 10 October 2026, the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

sUSDS is Sky Protocol's ERC-4626 savings wrapper for the base token USDS. Holders receive exposure to the Sky Savings Rate through an increasing USDS-per-share conversion value.

01

Instrument facts

Symbol	SUSDS
Peg	USD
Backing	Crypto backed
Status	Active
Networks	L1 EVM Ethereum L2 Optimism, Base, Arbitrum
Specifications	Redemption sUSDS is an ERC-4626 savings token: users deposit the base token USDS and can withdraw USDS according to the vault conversion rate; Sky documentation states that the wrapper itself charges no deposit or withdrawal fee.
Use cases	Savings, DeFi collateral
Mint and redeem	sUSDS is an ERC-4626 value-accruing token obtained by supplying USDS to the Sky Savings Rate module; Sky.money also routes supported stablecoins into sUSDS, with USDC first converted to USDS through the Peg Stability Module. Holders can redeem sUSDS for its accrued amount of USDS at any time, with no lockup, cooldown or protocol entry/exit fee. This is an onchain protocol redemption rather than fiat redemption with a central issuer. Sky's public product documentation does not state a protocol-wide KYC requirement or minimum, although it says availability through Sky.money varies by region and some access is restricted.

02

Contract addresses

4 chains

Chain	Address
Arbitrum One	`0xddb46999f8891663a8f2828d25298f70416d7610`
Base	`0x5875eee11cf8398102fdad704c9e96607675467a`
Ethereum	`0xa3931d71877c0e7a3148cb7eb4463524fec27fbd`
Optimistic Ethereum	`0xb5b2dc7fd34c249f4be7fb1fcea07950784229e0`

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site

03

Background

Overview

sUSDS is Sky Protocol's ERC-4626 savings wrapper for the base token USDS. Holders receive exposure to the Sky Savings Rate through an increasing USDS-per-share conversion value.

Key Features

Yield-bearing wrapper whose base token is USDS.
sUSDS represents participation in the Sky Savings Rate.
The share price in USDS increases as savings yield accrues rather than maintaining a fixed one-token-to-one-dollar market value.

Supported Networks

Available on Ethereum, Optimism, Base, and Arbitrum.

04

Recent activity

— Our coverage Stablecoin Recap Apr 27–May 4, 2026: CLARITY Act stablecoin yield rules finalized. — Stablecoin Beat Weekly
— Our coverage Stablecoin Market Recap: March 4–11, 2026 — Stablecoin Beat Weekly
— Our coverage Stablecoin Recap Mar 16–23, 2026: USDC saw a $0.399 billion outflow as the total stablecoin market cap decreased by $0.04 billion. — Stablecoin Beat Weekly

05

Frequently asked questions

What is sUSDS?

sUSDS is Sky Protocol's ERC-4626 savings wrapper for the base token USDS. Holders receive exposure to the Sky Savings Rate through an increasing USDS-per-share conversion value.

Which networks carry SUSDS?

SUSDS is recorded on 4 networks, including Ethereum, Optimism, Base, Arbitrum.

What is the market capitalization of SUSDS?

SUSDS has a market capitalization of $4.9B as of 10 October 2026.

06

Other US dollar stablecoins

Compiled from issuer disclosures, on-chain data and market data. Sky Protocol · Methodology