Sky Dollar (USDS) is a decentralized stablecoin introduced with the Sky Protocol rebrand in 2024, serving as an upgraded alternative to DAI. Designed to maintain a soft peg to the U.S. dollar, USDS is backed by surplus collateral and stabilized via Peg Stability Modules (PSMs), which allow for direct, predictable exchanges with other stablecoins such as USDC and USDT. As a core asset within its ecosystem, USDS enables users to access a range of decentralized financial services: it can be deposited in savings modules to earn interest, used to obtain governance rewards in the form of SKY tokens, and traded across various liquidity pools. In addition, holding USDS empowers users to participate in on-chain governance decisions. By combining stability, broad utility, and self-custody, USDS represents a significant evolution in decentralized finance.

Who created Sky Dollar?

Sky Dollar was created by its founding team and developers. For detailed information about the project's origins and team, please refer to the official documentation and whitepaper.

How do I buy Sky Dollar?

You can buy Sky Dollar on various cryptocurrency exchanges. First, create an account on a reputable exchange, complete the verification process, deposit funds, and then place an order for Sky Dollar.

Is Sky Dollar a good investment?

The value of Sky Dollar, like all cryptocurrencies, can be volatile. Before investing, research thoroughly, understand the risks, and never invest more than you can afford to lose. Consider consulting a financial advisor.

How do I store Sky Dollar?

You can store Sky Dollar in cryptocurrency wallets. Options include hardware wallets (most secure for long-term storage), software wallets, and exchange wallets. Always backup your wallet and keep your private keys secure.

What makes Sky Dollar unique?

Sky Dollar has unique features and technology that differentiate it from other cryptocurrencies. These may include its consensus mechanism, transaction speed, scalability solutions, or specific use cases within its ecosystem.

What is the current price of Sky Dollar?

The current price of Sky Dollar is displayed at the top of this page and updates in real-time. You can also view historical price charts and market data including 24-hour trading volume and market capitalization.

How is the Sky Dollar network secured?

The Sky Dollar network is secured through its consensus mechanism, which may include Proof of Work, Proof of Stake, or other validation methods. This ensures transaction integrity and prevents double-spending.

USDS

Sky Dollar

$0.99940.10%

Market Cap. #15

$8,080,407,765

Volume (24h) #222

$10,089,204

Supply (Circ. / Total / Max)

8.09B / 8.09B / ∞

Sky DollarUSDS

USDS

$0.99940.10%

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	USDS-USD USDS-USD	coinbase	AA	0.9999USD	0.02%	8,020,060.98USDS	1,170	0.9997USD	1.00USD
2	USDS-USDT USDS-USDT	okex	AA	0.9996USDT	0.000	84,795.71USDS	136	0.9996USDT	1.00USDT
3	USDS-USDT USDSUSDT	bybit	A	0.9994USDT	-0.03%	36,693.49USDS	113	0.9997USDT	0.9997USDT
4	USDS-USDT USDS_USDT	gateio	A	0.9994USDT	0.03%	33,495.50USDS	40	0.9991USDT	0.9994USDT
5	USDS-USDT USDS_USDT	whitebit	BB	0.9998USDT	-0.01%	28,069.00USDS	111	0.9999USDT	1.00USDT
6	USDS-USDT USDSUSDT_SPBL	bitget	BB	0.9998USDT	0.000	20,217.64USDS	297	0.9998USDT	1.00USDT
7	USDS-KRW KRW-USDS	upbit	BB	1,488.00KRW	0.13%	5,497.09USDS	34	1,486.00KRW	1,493.00KRW
8	USDS-USD USDSUSD	kraken	AA	1.00USD	0.01%	4,083.81USDS	35	0.9999USD	1.00USD
9	USDS-USD USDS-USD	okex	AA	0.9989USD	-0.08%	2,269.48USDS	6	0.9997USD	0.9997USD
10	USDS-USD USDS_USD	cryptodotcom	AA	0.9990USD	0.000	1,158.80USDS	5	0.9990USD	0.9990USD
11	USDS-EUR USDSEUR	kraken	AA	0.8513EUR	-2.23%	598.00USDS	1	0.8707EUR	0.8707EUR
12	USDS-USDT USDT-USDS	upbit	BB	0.9702USDT	0.000	0USDS	0	0.9702USDT	0.9702USDT
13	USDS-USDT USDSUSDT	cexio	BB	0.9994USDT	0.07%	30.16USDS	4	0.9987USDT	0.9998USDT
14	USDS-USD USDSUSD	cexio	BB	0.9998USD	0.03%	25.50USDS	1	0.9995USD	0.9998USD
15	USDS-USDC USDSUSDC	cexio	BB	0.9994USDC	0.02%	22.50USDS	1	0.9992USDC	0.9994USDC
16	USDS-USDT usds_usdt	lbank	D	1.00USDT	0.02%	1,086,352.90USDS	83,170	0.9999USDT	1.00USDT
17	USDS-USDT usds_usdt	xtpub	-	0.9999USDT	0.02%	967,968.92USDS	23,867	0.9997USDT	0.9999USDT
18	USDS-USDT usdsusdt	huobipro	C	0.9987USDT	0.03%	415,806.63USDS	6,970	0.9984USDT	0.9996USDT
19	USDS-USDT USDS_USDT	poloniex	D	0.9881USDT	-0.25%	369,177.57USDS	38,305	0.9906USDT	1.00USDT
20	USDS-USDT USDS_USDT	bitmart	B	1.00USDT	0.04%	299,762.50USDS	22,247	0.9998USDT	1.00USDT
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