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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.
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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.
As of right now, the live price of USDS (USDS) is $0.999844. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated USDS to USD rate at the top of BTCC’s price page. In terms of market scope, USDS records a 24h trading volume of $189.780366M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $9.906877B. Its current circulating supply stands at 9.91B out of a maximum supply cap of ∞.
The price volatility of USDS (USDS) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (9.91B) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, USDS (USDS) hit an all-time high (ATH) of $1.582084 on 2024-09-24 02:25, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.910063 on 2024-10-18 00:05. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading USDS futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($189.780366M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s USDSUSDT perpetual contracts support two-way trading. If you anticipate a price decline for USDS, simply log into your BTCC account with USDT margin available, navigate to the USDSUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for USDSUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.999844), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for USDSUSDT with zero financial risk.
Trading USDS (USDS) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for USDSUSDT, and review its live price ($0.999844) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
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.
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