USDS USDS
Rank #13 by market capStablecoin
Stablecoin
Designed to hold a fixed value, usually one US dollar. Market cap here measures how much has been issued, not what anyone thinks it is worth.
Last 7 days
CM Profile: USDS
Cryptominium Profile. What we have established, measured and written about USDS, and what we have not.
- Established
- 4 contracts are matched to this coin: on Arbitrum, Base, Ethereum and Solana.
- Its kind: stablecoin.
- Measured
- Selling $100,000 on 2 exchange order books lost between 0.08% and 63.76%, on 8 October 2026.
- Its price, recorded by us every day since 9 August 2026.
- Written, with sources
- Not established
- 2 of its chains are not among the 3 we read.
- We have not written a description of it.
- 6 other questions about what it can do have no written answer. Some may not apply to it.
Read from our own records when this page was made. It describes what we know, and is not a view on whether to hold USDS. How each part is worked out
What changed
Week to 8 OctoberNothing we measure moved much this week: exchange depth on Kraken, trading volume, reported supply and price are all within their usual range.
From our own measurements only, each against the month before. We do not say why a price moves. How this is worked out · Every coin this week
What it actually costs to sell USDS
Selling $100,000 of USDS into each exchange’s resting bids, measured against the mid price:
| Exchange | Lost | Got back | Measured |
|---|---|---|---|
| Coinbase USDS/USD | 0.08% | $99,922 | 2026-10-08 |
| Kraken USDS/USD | 63.8% | $36,239 | 2026-10-08 median of 30 |
Exchange figures need an account there (and KYC, a permitted country, the tokens already deposited), are before trading fees, and are never averaged with the on-chain figure. Binance is not included: it refuses requests from the region our servers are in. How this is measured →
Watch this number instead of remembering it. A free account keeps USDS on a list, records where it stood the day you added it, and emails you if selling it on these exchanges gets materially harder — one message, not a series. The measurement itself stays public; the account is for being told when it moves without you looking.
What USDS can do
Selling $100,000 on Coinbase lost 0.08% against the mid price, before trading fees. Check your own amount →
Our own measurement · measured 8 October 2026
USDS has no freeze function today. Its contract is built so that it can be upgraded, and the project's white paper says a freeze function may be added later if Sky's governance votes for one. What a wallet actually is →
Source: The Maker Protocol white paper · checked 2 October 2026
USDS was launched in 2024 by the project behind Dai, after it renamed itself Sky. Like Dai it is soft-pegged to the US dollar and backed by collateral locked in the protocol. It holds for as long as that collateral does.
Source: The Maker Protocol white paper · checked 2 October 2026
What a coin can do is not a reason to buy it or to sell it. Each answer names its source and the day we read it; where we could not source one, the row is left out. How these are written · Every coin we have written up
Where USDS lives
On Solana, a mint authority can create more of the token and a freeze authority can freeze it in a holder's account; both are read from the token itself, every day. On Ethereum, Base and BNB Chain, GoPlus's analysis of each contract is read weekly: whether it has a function to block addresses or pause transfers, and whether an owner holds it. That is GoPlus's reading, not ours. Where a token exists on several chains, one copy's settings say nothing about the original coin.
Always verify a contract address against the project's own site before sending anything. Addresses are shown as published by CoinGecko, not as an endorsement — and identical-looking tokens on other chains are the most common way people lose money here.
Price change
USDS data synced 3m ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell USDS.