Total Tracked (incl. stablecoins)$352.39B
RWA Market Cap (ex-stablecoins)$49.8B
Stablecoins$298.58B
Tokenized Treasuries$9.46B
Tokenized Gold$5.9B
24h RWA Volume$1.7B
Treasury Token Yield vs SOFR-0.54%
LIVE
Discovery Hub
$0.9998
0.00% 24h
Rank #14

USDS is the stablecoin at the center of the Sky ecosystem (formerly MakerDAO), soft-pegged to the US dollar and usable directly in DeFi lending and savings without an intermediary. Holders can convert it into sUSDS to earn yield from protocol revenue, or lock it to receive SKY governance tokens, making it more of an active DeFi building block than a passive dollar substitute.

  • Macro context: USDS is part of the tokenized money market, which represents only ~0.290% of global M2 money supply today.

Data as of Sep 3, 2026

Price performance

7D

-0.00%

14D

+0.01%

30D

-0.04%

1Y

-0.00%

All-time

-0.03%

Market Cap

$10.21B

24h Volume

$10.06M

Best On-Chain APY

5.22%

On-Chain Holders

69.02K

Summed across all deployed chains (per-chain wallets not de-duplicated)

Underlying

Fiat / RWA-backed stablecoin

PermissionlessWhat's this?

Key facts

via /coins/{id}

Market Cap Rank

#14

Circulating Supply

10.21B

Total Supply

10.21B

All-Time High

$1.06 · 2024-10-28

Categories

StablecoinsUSD StablecoinSolana EcosystemArbitrum EcosystemEthereum EcosystemFiat-backed Stablecoin

News & Insights

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Full round-the-clock historical data for USDS — including off-market-hours — exportable to CSV.

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AI-assisted analysis of USDS paired with the latest issuer, regulatory and market news.

Side-by-side execution across centralized order books and on-chain pools. Slippage estimated for a $10,000 swap.