USDS Price, Live Chart & Market Cap

USDS: Overcollateralized Stablecoin Offering Cross-Chain DeFi & Yield Opportunities

Name: USDS
Brand: USDS
SKU: USDS
Price: 0.999704 USD
Availability: InStock

USDS Overview

USDS merges overcollateralized backing with optional compliance. It inherits Maker’s core design but adds new yield incentives. USDS can be staked or used for cross-chain trading, all governed by the Sky community. By bridging multiple networks, it delivers flexible savings and real-world integration, making USDS a reliable stable asset in DeFi.

USDS: A Decentralized Stablecoin with Real Rewards

Utility & Use Cases USDS

Staking & Savings

• Earn steady returns by depositing USDS in the Sky Savings Rate (SSR). • Boost potential profit with optional governance token rewards.

Lending & Borrowing

• Lock collateral in the protocol to mint USDS. • Borrow or lend USDS on DeFi platforms for added liquidity and yield.

Liquidity Pools

• Add USDS to DEX pools for stable trading pairs. • Gain fees while supporting USDS market depth across multiple chains.

Rewards Pool

• Join incentive programs that distribute SKY tokens to USDS holders. • Harvest extra yield by participating in targeted farming campaigns.

Community Governance

• Sky DAO adjusts USDS parameters through on-chain votes. • Users with governance tokens can shape new features and risk controls.

USDS Technologies Overview

Cross-Chain Compatibility

Deployed on Ethereum and beyond, USDS is bridging to networks like Solana through Skylink, enabling seamless transfers and DeFi usage.

High Scalability

Overcollateralized design adapts to rising demand with no fixed supply cap, aiming to reach large volumes while preserving peg stability.

Low Fees

Users benefit from efficient contract interactions and minimal overhead, especially when bridging to chains with cheaper transactions.

Fast Transactions

As an ERC-20 token with multi-chain deployment, USDS executes transfers and swaps quickly, reflecting network advances in speed.

Smart Contracts

USDS inherits Maker’s audited codebase, adding optional freeze logic. Governance can activate new features via secure contract upgrades.

Funding

USDS was born from MakerDAO’s well-funded project. Maker raised capital privately in 2017–2019, but USDS itself had no ICO or token sale. Collateral-backed minting remains the only issuance path.

Roadmap

Phase 1: Rebrand & Launch

USDS replaced DAI in September 2024 with optional compliance features and SSR rewards. Spark Protocol lending integrated soon after.

Phase 2: Multi-Chain Expansion

Focus on bringing USDS to other blockchains via Skylink. Solana launch introduced liquidity incentives. More subDAOs and bridging to come.

Phase 3: NewChain Plans

Sky aims to develop a dedicated blockchain for governance and stablecoin mechanics by late 2025 or 2026, boosting autonomy and scalability.

Enhanced Aave Integration

A proposed USDS Direct Deposit Module would deepen liquidity in Aave. The community will vote to finalize the credit limits and timelines.

Long-Term Vision

Future goals include real-world asset expansions, more institutional use cases, and a target of $100B in USDS circulation under Endgame.

USDS Security & Audit Reports

USDS builds on Maker’s audited architecture. Firms like Trail of Bits and ChainSecurity vetted its code. Potential freeze logic remains inactive unless activated by Sky governance, ensuring a robust yet flexible framework.

FAQ

How to stake USDS?

Deposit USDS into the SSR contract or a supported DeFi platform. You’ll then earn stable yield plus optional SKY rewards.

How to convert DAI into USDS?

Use the Sky.Money app or another interface. Simply swap DAI 1:1 for USDS. The protocol burns your DAI and mints USDS in return.

Does USDS have a fixed supply?

No. Supply expands or contracts based on collateral deposits and redemptions, maintaining its USD peg through overcollateralization.

Can USDS be used in cross-chain apps?

Yes. USDS is deployed on multiple networks like Solana, enabling fast, low-cost transfers and broader DeFi wallet compatibility.

Is there a freeze function for USDS?

The code exists but is inactive. Sky governance may enable it if needed for regulatory compliance. Currently, there are no active freezes.

Where can I learn more about USDS security?

Official reports and audits are posted on the MakerDAO and Sky forums. Audits by third-party firms confirm the protocol’s reliability.

Top Crypto Exchanges to Trade USDS (USDS)

#	Exchange	Pair	Price	24h Volume
1	Uniswap V2 (Ethereum)	0XDC035D45.../0X56072C95...	~$20.64	$2,874,713
2	Uniswap V3 (Ethereum)	0X6B175474.../0XDC035D45...	~$1	$50,324
3	Bithumb	USDS/KRW	~$1,390	$4,761.09
4	Upbit	USDS/BTC	~$0.000014	$681.09
5	Kraken	USDS/USD	~$1.05	$79.75
6	Upbit Indonesia	USDS/BTC	~$0.000014	$3,157.95
7	Kraken	USDS/EUR	~$0.92	$5.32
8	Matcha (Ethereum)	0XDAC17F95.../0XDC035D45...	~$1	$504,980