USDS

USDS PriceUSDS

$0.999695
-$0.000035-0.00%

Last updated:--

View Chart

USDS Price Today

Current USDS/USD real-time price is $0.999695, with a 24-hour change rate of -0.00% and a 7-day change rate of -0.02%. USDS currently ranks #7786 globally by market cap, with a total market cap of $8.588413B, a fully diluted valuation (FDV) of $8.588413B, and a 24-hour trading volume of $185.458438M. In terms of supply, USDS has a maximum supply of ∞, a current circulating supply of 8.59B, with 100.00% already in circulation and 0.00% remaining to be unlocked.

About USDS

USDS is a decentralized, collateral-backed stablecoin that is an optional upgrade of the DAI token, issued within the Sky ecosystem (sky.money). It is an ERC-20 token on Ethereum and is unrelated to Sperax's USDs.

Key Takeaways

  • USDS is a decentralized, collateral-backed stablecoin and an optional upgrade of the DAI token, designed to be pegged 1:1 to the US dollar.
  • It maintains its peg through two-way conversions between DAI and USDS, using the mint and burn functions of both tokens at a rate of 1 DAI to 1 USDS.
  • The stablecoin is an ERC-20 token on Ethereum, featuring permit functionality and EIP-1271 signature validation.
  • Its primary use case is as a stable medium of exchange and store of value within the broader DeFi ecosystem.
  • Users can trade USDS on major exchanges such as Coinbase, Binance, OKX, and Crypto.com, across 126 active markets.

What is USDS? Key Specifications & Tokenomics

USDS is a decentralized, collateral-backed stablecoin that is an optional upgrade of the DAI token. It maintains its 1:1 peg to the US dollar through two-way conversions between DAI and USDS, using the mint and burn functions of both tokens at a rate of 1 DAI to 1 USDS.

ItemDetails
Name (Ticker)USDS (USDS)
Alternative NamesOptional upgrade of DAI
Start Date2024-09-18
Official Websitehttps://sky.money/
Twitter / Xhttps://twitter.com/SkyEcosystem
Smart ContractsYes (ERC-20)
CategoryStablecoin (Collateral-Backed)
Token StandardERC-20
FeaturesPermit functionality; EIP-1271 signature validation
Total SupplyApproximately 10.16B USDS
Circulating SupplyApproximately 10.16B USDS (100% of total supply)
Market CapApproximately $10.16B
BlockchainEthereum (ERC-20)

Who Created USDS (USDS)?

USDS is an optional upgrade of the DAI token, issued within the Sky ecosystem (sky.money). It is a decentralized, collateral-backed stablecoin that maintains its peg through two-way conversions between DAI and USDS, using the mint and burn functions of both tokens at a rate of 1 DAI to 1 USDS.

How Does USDS (USDS) Work?

USDS is a decentralized, collateral-backed stablecoin that maintains its 1:1 peg to the US dollar through two-way conversions between DAI and USDS.

  • Collateral Backing: USDS is a decentralized, collateral-backed stablecoin, providing a tangible asset base for its value.
  • Two-Way Conversion: The USDS token enables two-way conversions between DAI and USDS tokens, using the mint and burn functions of both tokens, at a conversion rate of 1 DAI to 1 USDS.
  • Ethereum Network: USDS is an ERC-20 token on Ethereum, featuring permit functionality and EIP-1271 signature validation.

What Makes USDS (USDS) Unique and Valuable?

USDS differentiates itself through its relationship to DAI and its collateral-backed design.

  • Optional DAI Upgrade: USDS is an upgraded version of the DAI token, and the upgrade is optional, allowing holders to convert between the two at a 1:1 rate.
  • Collateral-Backed Stability: As a decentralized, collateral-backed stablecoin, USDS aims to offer peg resilience through its underlying collateral.
  • ERC-20 Features: USDS is an ERC-20 token with permit functionality and EIP-1271 signature validation, supporting efficient on-chain interactions.
  • Two-Way Convertibility: The ability to convert between DAI and USDS using mint and burn functions at a 1:1 rate provides flexibility for holders.

What Is USDS (USDS) Used For?

USDS serves as a stable asset within the DeFi space.

  • Trading Pair: It is used as a base trading pair against other volatile cryptocurrencies on decentralized exchanges (DEXs), providing liquidity and a stable pricing reference.
  • Collateral in Lending: Users can deposit USDS as collateral to borrow other assets from lending protocols within the ecosystem.
  • Yield Farming and Liquidity Provision: Liquidity providers can stake USDS in liquidity pools to earn trading fees and potential token rewards.
  • Store of Value and Payments: Its dollar peg makes it suitable for saving value or settling payments on-chain with minimal price volatility exposure.

How Is the USDS (USDS) Ecosystem Developing?

The USDS ecosystem is linked to the Sky ecosystem and the broader DeFi landscape.

  • Sky Ecosystem Integration: USDS is issued within the Sky ecosystem (sky.money) and is an optional upgrade of the DAI token.
  • DeFi Expansion: Its utility grows as more protocols integrate USDS for lending, borrowing, and as a liquidity base. Partnerships and integrations with other DeFi projects are key to its adoption.
  • Two-Way Conversion: The USDS token enables two-way conversions between DAI and USDS tokens, using the mint and burn functions of both tokens at a rate of 1 DAI to 1 USDS.
  • Focus on Stability and Utility: Ongoing development is focused on enhancing the robustness of the peg and expanding use cases.

How to Mint USDS (USDS)?

USDS is not a mineable cryptocurrency. It is a stablecoin that is minted through a financial process, not mined through computational work. Users can obtain new USDS tokens through two-way conversions between DAI and USDS, using the mint and burn functions of both tokens, at a conversion rate of 1 DAI to 1 USDS.

How to Keep Your USDS Coin Safe?

Securing your USDS involves standard practices for managing Ethereum-based assets.

  • Use a Secure Wallet: Store USDS in a non-custodial wallet where you control the private keys, such as MetaMask, Ledger, or Trezor. Avoid keeping large amounts on exchanges long-term.
  • Verify Contracts: Always double-check the official contract address (0xdC03...07384F) when interacting with the protocol to avoid phishing scams. Note that this address is shown in truncated form in available sources and the full address should be verified through official channels.
  • Beware of Scams: Do not share your private keys or seed phrase with anyone. Be cautious of unsolicited offers or fake websites impersonating the platform.
  • Stay Updated: Follow official channels for announcements regarding protocol upgrades or security-related news.

How to Buy USDS Coin?

USDS is available on several cryptocurrency exchanges, including Coinbase, Binance, OKX, and Crypto.com, with trading on 126 active markets.

  1. Register an Account: Sign up on a supported exchange such as Coinbase, Binance, OKX, or Crypto.com using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
  2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your exchange account.
  3. Start Trading: Go to the trading page and search for the USDS trading pair.
  4. Place an Order: Enter the amount of USDS you wish to purchase and submit the order.
  5. Confirm Your Purchase: Check your personal account to see if the coins have arrived.

How to Buy and Use USDS

Purchase Guide

Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)

  1. 1Register AccountUse email or phone number to quickly complete BTCC registration in under 1 minute.
  2. 2Identity VerificationComplete basic KYC verification to protect your account and assets.
  3. 3Quick TradeSupports credit cards, online banking and other quick purchase methods.
  4. 4Receive CoinsUSDS is instantly credited to your BTCC account, ready for trading at any time.

Related Trading

Choose USDS products that suit your trading style

Thank you for your interest in BTCC. Currently, spot and futures trading services for USDS are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.

USDS FAQs

Does USDS offer staking rewards, and how does its collateral-backed issuance affect USDS supply and price?

USDS(USDS)is a collateral-backed stablecoin rather than a proof-of-stake asset, so it does not pay protocol staking rewards in the usual sense. Yield instead comes from holding or lending it on supported platforms; some exchanges run earn programs on USDS with regular payouts. Because every token is issued against deposited collateral and converts 1:1 with DAI through mint and burn functions, supply expands only when new collateral enters the system and contracts when tokens are redeemed. That design keeps the price anchored near one US dollar: when USDS trades below peg, arbitrageurs buy and redeem; when it trades above, they mint and sell. Traders who want exposure to short-term peg deviations can use USDS/USDT perpetual contracts on BTCC, which support up to 50x leverage along with stop-loss and take-profit orders.

How do Ethereum network upgrades, gas fees, and DeFi integration affect USDS value?

USDS(USDS)is an ERC-20 token on Ethereum with permit functionality and EIP-1271 signature validation, so its cost of use is tied directly to Ethereum network conditions. Lower gas fees make minting, redeeming, and transferring USDS cheaper, which supports the arbitrage that holds the price near its peg and encourages DeFi protocols to accept it as collateral or a quote asset. Upgrades that raise throughput or cut costs on Ethereum and its rollups tend to deepen liquidity and widen use in lending, trading, and settlement. Higher fees have the opposite effect: small transfers become uneconomical and secondary-market quotes can drift briefly from $1. Macro conditions also matter, since risk appetite shifts flows between stablecoins and yield-bearing assets. On balance, DeFi integration influences demand and supply far more than the token's target price.

How could spot ETF approval or institutional adoption affect USDS stablecoin demand and price?

Spot ETF approval is an unusual question for USDS(USDS), because a stablecoin is built to hold a fixed value rather than appreciate, which makes a conventional spot ETF less natural than for volatile assets. Institutional adoption still matters: deeper integration by exchanges, payment providers, and DeFi protocols raises demand for USDS as a settlement and collateral asset, and that demand expands supply through collateralized issuance. Growth of this kind shows up in market cap and 24-hour volume rather than in the quoted price, which arbitrage keeps close to one US dollar. Secondary-market quotes can still trade slightly above or below peg during stress or on thin venues. Traders following institutional news usually watch supply changes, listings, and volume, and can position on short-term peg moves through USDS/USDT perpetual contracts on BTCC.

How does USDS compare with DAI as a collateral-backed stablecoin?

USDS(USDS)and DAI share the same origin: USDS is an upgraded version of DAI, and conversion between the two is optional and runs at 1:1 through the mint and burn functions of both tokens. The table below summarizes the main differences.

DimensionUSDS(USDS)Peer(DAI)
Core PositioningUpgraded collateral-backed stablecoinOriginal decentralized stablecoin
Supply ModelCollateralized issuance, 1:1 convertible with DAICollateralized issuance, legacy token
ConsensusEthereum settlement, ERC-20 with permit and EIP-1271Ethereum settlement, standard ERC-20
Main Use CasesDeFi collateral, trading pairs, yield programsDeFi lending, savings, payments

Both target a one-dollar peg, so the choice usually comes down to which venues and protocols support each token.

How do I set stop-loss and take-profit orders when trading USDS perpetual contracts?

On BTCC, USDS(USDS)perpetual contracts let you attach risk controls before or after entry. The logic differs by direction:

  • Long USDS/USDT: place the stop-loss below your entry or below a recent swing low, and the take-profit below a nearby resistance level so the order can fill before price stalls.
  • Short USDS/USDT: place the stop-loss above your entry or above recent highs, and the take-profit above a nearby support level.
  • Trailing stop: use it to lock in gains as price moves in your favor, instead of closing the position manually.
  • Position sizing: with leverage up to 50x, keep the distance between entry and stop-loss small enough that a single loss stays within your plan.

Because stablecoin pairs move in a narrow range, tight stops and modest leverage are usually more practical than wide targets.

What are USDS's current price, market cap, and 24-hour trading volume?

The current price of USDS(USDS)is $0.999695, with a market cap of $8.588413B and 24h trading volume of $185.458438M. The circulating supply is 8.59B(max supply ∞).

Because USDS is a collateral-backed stablecoin, the quoted price normally sits within a few basis points of one US dollar, and small movements usually reflect secondary-market liquidity rather than a change in the underlying collateral. Market cap therefore tracks supply changes more closely than price changes. For the latest figures, open the USDS price chart on BTCC and check the quote, 24-hour volume, and supply panels together, since volume spikes often accompany minting or redemption activity. You can also compare the spot quote with the USDS/USDT perpetual contract price to see whether futures are trading at a premium or discount to the peg.

What are the core factors that drive USDS price?

Price drivers for USDS(USDS)fall into three layers:

  • Supply mechanics: USDS is issued against collateral and converts 1:1 with DAI through mint and burn functions. Arbitrage around that peg is the main force keeping the price near one US dollar.
  • Ecosystem demand: DeFi integration, exchange listings, and yield programs increase how much USDS is held for lending, collateral, and settlement, which affects supply and 24-hour volume.
  • Macro and market conditions: during risk-off periods, flows into stablecoins rise; during strong rallies, holders rotate out. Liquidity stress can push secondary-market quotes slightly above or below peg.

In practice, supply and volume react to these factors much more than the quoted price does. Traders can follow short-term peg deviations using USDS/USDT perpetual contracts on BTCC with up to 50x leverage.

What are USDS's all-time high and all-time low prices?

The all-time high of USDS(USDS)is $1.582084, reached on 2024-09-24 02:25; the all-time low is $0.910063, recorded on 2024-10-18 00:05.

Both extremes are best read in context. As a collateral-backed stablecoin, USDS is designed to trade near one US dollar, so its historical range is narrow compared with volatile assets, and the recorded high and low usually reflect brief liquidity dislocations, thin trading on a specific venue, or the early period after launch rather than a change in the collateral behind each token. Switch the BTCC chart to the full-cycle view to see how quickly quotes returned toward the peg after each extreme, and compare that with the supply and volume history. That perspective is useful when planning entries, exits, and stop placement on USDS/USDT perpetual contracts.

How do I read a USDS candlestick chart for perpetual contract trading?

A candlestick chart for USDS(USDS)shows the open, high, low, and close for each interval, plus volume beneath the price panel. Start with the timeframe: on 1-hour and 4-hour charts, a stablecoin pair usually prints very small candles, so tiny bodies and long wicks often mean thin liquidity rather than a trend. Mark the levels where price repeatedly reverses, since those become support and resistance for stop-loss and take-profit placement. Watch volume bars for spikes, which often line up with minting, redemption, or large venue flows. Compare the perpetual contract quote with the spot peg to see whether futures trade at a premium or discount, and check whether funding is positive or negative. Finally, set alerts at the edges of the recent range instead of watching every tick, then confirm entries with a clear risk plan.

How can I profit when USDS price falls using short selling?

Short selling lets you profit when the price of USDS(USDS)declines. On BTCC you can open a short position on the USDS/USDT perpetual contract without owning the token: you sell at the current quote and buy back later at a lower one, and the difference is your gross profit minus fees and funding.

  • Entry: look for price failing at a resistance level, or trading above the peg with weakening volume.
  • Risk control: set a stop-loss above your entry and a take-profit near the next support level; a trailing stop can protect gains as the position moves.
  • Leverage: keep it modest, since a stablecoin pair has a narrow range and liquidation can come quickly at high leverage.
  • Funding: check the funding rate, because holding a short through positive funding costs money over time.

Shorting a stablecoin is a short-term trade on small deviations, not a long-term directional bet.

Can I use high leverage on USDS perpetual contracts?

Yes. BTCC offers USDS(USDS)perpetual contracts with leverage of up to 50x, which means a small margin deposit controls a much larger position. Higher leverage also lowers the price move needed to trigger liquidation, and that matters for a stablecoin pair: USDS typically trades within a very narrow band around one US dollar, so a 50x position can be liquidated by a move of well under one percent.

  • Start lower: many traders use 2x to 5x on stablecoin pairs and reserve high leverage for very short holding periods.
  • Always use stops: place a stop-loss at entry and consider a trailing stop to protect profit.
  • Watch funding and fees: frequent trading at high leverage can erode small gains.
  • Practice first: test the settings on a BTCC demo account before risking real funds.

How can I practice USDS trading with a free demo account?

BTCC provides a demo trading environment where you can practice USDS(USDS)perpetual contracts without risking real money. The simulated account uses virtual funds but mirrors the live order book, so you can test market and limit orders, leverage settings up to 50x, stop-loss and take-profit placement, and trailing stops on USDS/USDT. A practical routine: pick a timeframe, write down an entry, a stop, and a target before each simulated trade, then review the results weekly to see which settings actually held. Because a stablecoin pair moves in a narrow range, the demo is a good place to learn how small price changes behave under leverage and how funding costs accumulate. When your results are consistent, you can move to live trading with a small position size and the same risk rules.

How do I buy and trade USDS step by step?

Getting started with USDS(USDS)on BTCC takes four steps:

  1. Register and complete KYC: create an account with your email, then verify your identity through the KYC flow.
  2. Deposit funds: transfer USDT or supported assets into your account and confirm the balance.
  3. Choose a market: open the USDS/USDT perpetual contract for leveraged trading, or buy spot USDS if you simply want to hold the stablecoin.
  4. Place an order: select long or short, set leverage up to 50x, enter the size, and attach a stop-loss and take-profit order before confirming.

New traders should start with a small position and consider a demo account first. Because USDS is designed to hold a value near one US dollar, leveraged trades usually target small, short-term moves rather than long directional trends, so risk controls matter more than conviction.

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.