Market Cap
A$14.15B
USDS is the dollar stablecoin of the Sky ecosystem, which evolved from MakerDAO and the Dai stablecoin system. USDS is designed to maintain one US dollar of value while supporting DeFi liquidity, savings products, collateral markets and governance-directed risk parameters.
For Australian users watching the USDS price in AUD, price movement usually follows the AUD/USD exchange rate, while risk analysis should focus on collateral quality, peg stability, governance decisions and redemption paths. USDS is best understood as DeFi dollar infrastructure rather than a growth-style crypto asset.