Stablecoin · #14 by market cap (snapshot)
USDS
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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.
🧩 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. Contains a TradingView affiliate link.
Last 30 days
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❓ 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 не надає інвестиційних порад. Чи підходить вам USDS, залежить від ваших цілей, горизонту та того, яку втрату ви можете витримати. Ціни крипти можуть падати різко й швидко. Прочитайте ризики вище, порівняйте з диверсифікованою альтернативою та зверніться по незалежну пораду.