About Sky Dollar (USDS)

USDS (Sky Dollar) is a decentralized, crypto-collateralized USD stablecoin in the Sky Protocol (MakerDAO rebrand). ERC-20 on Ethereum, upgradeable from DAI 1:1 via the DAI-USDS converter, designed to track ~$1 for stablecoin payments and on-chain settlement.

Sky Dollar currently has a price of $0.999963, which is 0.0037% away from its peg to USD. It has a market capitalization of $8.34B, which has changed by +26.30% over the past 30 days.

Sky Dollar is issued by Sky. Sky is a DeFi protocol that created USDS (Sky Dollar), a delta-neutral stablecoin. The protocol focuses on decentralized money market products.