USDS
USDS (usds) is trading at $0.998 USD, down 0.16% in the last 24 hours. The price updates live on Vault.
About 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.
USDS (usds) is ranked #14 by market capitalisation, at $9.58B. Its all-time high is $1.06, set on 28 Oct 2024. 9.58B usds are in circulation.
usds on Vault
- Swap into usds from other tokens on Base, Arbitrum One and Ethereum.