Stablecoin · #14 by market cap (snapshot)
USDS
—
24h loading…
🧩 What it is
USDS is the stablecoin of Sky, the ecosystem formerly known as MakerDAO. It's designed to stay close to one US dollar, and can be upgraded from DAI.
⚡ Why it's interesting
It's a decentralised alternative to company-issued stablecoins. Holders can convert to sUSDS to earn the protocol's savings rate.
⚠️ Key risks
Its collateral includes crypto and real-world assets, so stability depends on that collateral and smart contracts. A freeze feature has raised decentralisation debates, and the peg could break in extreme markets.
👀 What to watch
Sky's collateral mix, savings rate and how fast DAI holders migrate. A changing savings rate changes the appeal.
Written by the Hodlia.fi editorial team. Education only — not financial advice, no price predictions.
Last 30 days
❓ USDS FAQ
What is USDS (USDS)?
USDS is the stablecoin of Sky, the ecosystem formerly known as MakerDAO. It's designed to stay close to one US dollar, and can be upgraded from DAI.
Why do people follow USDS?
It's a decentralised alternative to company-issued stablecoins. Holders can convert to sUSDS to earn the protocol's savings rate.
What are the main risks of USDS?
Its collateral includes crypto and real-world assets, so stability depends on that collateral and smart contracts. A freeze feature has raised decentralisation debates, and the peg could break in extreme markets.
What should I watch with USDS?
Sky's collateral mix, savings rate and how fast DAI holders migrate. A changing savings rate changes the appeal.
Is USDS a good investment?
Hodlia doesn't give investment advice. Whether USDS fits you depends on your goals, time horizon and how much loss you can handle. Crypto prices can fall sharply and fast. Read the risks above, compare with a diversified alternative and consider independent advice.