Rank #12USDSCrypto-Backed

Sky Dollar

Pegged to

USD

Market Cap

$4.50B

24h Volume

$100.00M

Circulating Supply

4.50B USDS

Total Supply

4.50B USDS

Peg Target

USD

Collateral Type

Crypto-Backed

Issuer

Sky (formerly MakerDAO)

Launch Date

18-09-2024

About Sky Dollar

Sky Dollar (USDS) is the upgraded stablecoin from the Sky ecosystem, formerly MakerDAO. It is the successor to DAI and is part of the broader Sky Protocol rebranding. USDS is minted through the same overcollateralised vault system as DAI and can be freely converted 1:1 with DAI. The Sky ecosystem introduced the Sky Savings Rate (SSR) for USDS holders and the SKY governance token as part of its evolution from the Maker Protocol. USDS aims to be more accessible and user-friendly while maintaining the decentralised, overcollateralised model.

Supported Blockchains

Ethereum Base Solana

Pros

Built on battle-tested Maker infrastructure
Earned yield through SSR
Decentralised and permissionless
Strong DeFi integration

Cons

Brand confusion with DAI/Maker transition
Governance complexity
Early stage of rebranding adoption
Dependent on Maker Vault system

Key Features

1:1 convertible with DAI

Sky Savings Rate (SSR) yield

Over-collateralised vault minting

Decentralised governance via SKY token

Multi-chain expansion

Real-world asset collateral integration

Stablecoin Information

Community & Socials

Website Twitter / X Discord GitHub