7D price · CoinGecko market data.
| Exchange | Pair | 24h Volume | Spread | Trust | |
|---|---|---|---|---|---|
| Uniswap V4 (Ethereum) | USDT/USDS | $121.17M | 0.60% |
| TRADE |
| Uniswap V4 (Ethereum) | 0X6C3E…3A0E8/USDS | $52.69M | 0.60% | TRADE |
| Uniswap V4 (Ethereum) | 0X8292…317ED/USDS | $12.36M | 0.60% | TRADE |
| LBank | USDS/USDT | $1.05M | 0.01% | TRADE |
| Raydium (CLMM) | USDS/EPJFWD…TDT1V | $708.46K | 0.60% | TRADE |
| Binance | USDS/USDT | $344.20K | 0.01% | TRADE |
| Uniswap V4 (Ethereum) | 0XCACD…86E29/USDS | $281.72K | 0.60% | TRADE |
| Toobit | USDS/USDT | $230.71K | 0.01% | TRADE |
| AlphaQ | USDS/EPJFWD…TDT1V | $220.60K | 0.00% | TRADE |
| Manifest | USDS/EPJFWD…TDT1V | $194.22K | 0.01% | TRADE |
| Coinbase Exchange | USDS/USD | $129.32K | 0.02% | TRADE |
| MEXC | USDS/USDT | $62.57K | 0.04% | TRADE |
| Maverick Protocol V2 (Ethereum) | 0XA0B8…6EB48/USDS | $57.20K | 0.64% | TRADE |
| Orca | USDS/EPJFWD…TDT1V | $39.14K | 0.61% | TRADE |
| KCEX | USDS/USDT | $37.63K | 0.01% | TRADE |
Top 15 exchanges by 24h trading volume. Block Insider earns affiliate commission from some exchanges listed here. Placement does not affect editorial.
USDS is the stablecoin of the decentralized Sky ecosystem, designed to maintain a soft peg (a value intended to stay close) to the U.S. dollar. It functions as a versatile tool for decentralized finance (DeFi), allowing value to move through the system via peer-to-peer lending and saving without a middleman.
The token is 'put to work' by being supplied to various protocol modules; for example, users can convert USDS into sUSDS to earn interest from protocol revenue or lock it to receive SKY governance tokens. As the ecosystem grows, this scales through "Sky Stars," which are semi-autonomous projects that expand the stablecoin’s utility into specialized areas like institutional credit and advanced lending.
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