Last updated:--
View ChartUSDS 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.
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.
| Item | Details |
|---|---|
| Name (Ticker) | USDS (USDS) |
| Alternative Names | Optional upgrade of DAI |
| Start Date | 2024-09-18 |
| Official Website | https://sky.money/ |
| Twitter / X | https://twitter.com/SkyEcosystem |
| Smart Contracts | Yes (ERC-20) |
| Category | Stablecoin (Collateral-Backed) |
| Token Standard | ERC-20 |
| Features | Permit functionality; EIP-1271 signature validation |
| Total Supply | Approximately 10.16B USDS |
| Circulating Supply | Approximately 10.16B USDS (100% of total supply) |
| Market Cap | Approximately $10.16B |
| Blockchain | Ethereum (ERC-20) |
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.
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.
USDS differentiates itself through its relationship to DAI and its collateral-backed design.
USDS serves as a stable asset within the DeFi space.
The USDS ecosystem is linked to the Sky ecosystem and the broader DeFi landscape.
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.
Securing your USDS involves standard practices for managing Ethereum-based assets.
USDS is available on several cryptocurrency exchanges, including Coinbase, Binance, OKX, and Crypto.com, with trading on 126 active markets.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
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(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.
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.
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.
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.
| Dimension | USDS(USDS) | Peer(DAI) |
|---|---|---|
| Core Positioning | Upgraded collateral-backed stablecoin | Original decentralized stablecoin |
| Supply Model | Collateralized issuance, 1:1 convertible with DAI | Collateralized issuance, legacy token |
| Consensus | Ethereum settlement, ERC-20 with permit and EIP-1271 | Ethereum settlement, standard ERC-20 |
| Main Use Cases | DeFi collateral, trading pairs, yield programs | DeFi lending, savings, payments |
Both target a one-dollar peg, so the choice usually comes down to which venues and protocols support each token.
On BTCC, USDS(USDS)perpetual contracts let you attach risk controls before or after entry. The logic differs by direction:
Because stablecoin pairs move in a narrow range, tight stops and modest leverage are usually more practical than wide targets.
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.
Price drivers for USDS(USDS)fall into three layers:
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.
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.
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.
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.
Shorting a stablecoin is a short-term trade on small deviations, not a long-term directional bet.
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.
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.
Getting started with USDS(USDS)on BTCC takes four steps:
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.