Market data as of ,
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.
USDS, also known as Sky Dollar, is a decentralized stablecoin by Sky Protocol, maintaining a soft peg to the U.S. dollar and backed by surplus collateral.
Backing Over-collateralized with a diverse mix of crypto assets, stablecoins, and tokenized real-world assets.Redemption Direct redemption through the issuer is not available; users can exit via DEXs, secondary markets, OTC desks, DEX liquidity pools, or peer-to-peer transactions.KYC required No
Use cases
DeFi collateral, Trading, Payments
Mint and redeem
USDS is issued through Sky Protocol smart contracts against Protocol Collateral. Sky states that its Peg Stability Module lets anyone swap USDC and USDS at exactly 1:1 in either direction, while overcollateralized Vault users can also mint USDS against approved collateral. Exiting USDS occurs onchain through the PSM or other supported stablecoin routes rather than through fiat redemption with a central issuer. Sky describes the PSM as open to anyone and does not state a protocol-level KYC requirement or product-wide minimum for this conversion.
02
Supply by chain
4 chains · $6.5B total
Chain
Supply
Ethereum
$6.4B
Arbitrum
$100M
Solana
$7M
Base
$3M
Chains holding at least $1M of this token, from the daily cross-chain compilation.
The total may differ from the market capitalization above, which is a separate
measurement.
03
Contract addresses
4 chains
Chain
Address
Arbitrum One
0x6491c05a82219b8d1479057361ff1654749b876b
Base
0x820c137fa70c8691f0e44dc420a5e53c168921dc
Ethereum
0xdc035d45d973e3ec169d2276ddab16f1e407384f
Solana
USDSwr9ApdHk5bvJKMjzff41FfuX8bSxdKcR81vTwcA
Addresses as recorded for this token. Verify against the
issuer's own published address before sending funds.
USDS, introduced by Sky Protocol in September 2024, is a decentralized stablecoin that serves as an evolution of MakerDAO's DAI. It maintains a soft peg to the U.S. dollar and is backed by surplus collateral.
USDS is over-collateralized with a diverse mix of crypto assets, stablecoins, and tokenized real-world assets, with a significant portion of its collateral comprising ETH tokens.
The stablecoin is backed by a diverse mix of crypto assets, stablecoins, and tokenized real-world assets, ensuring its stability and reliability.
Figures marked unverified are recorded but not yet independently confirmed.