USD-pegged · crypto-backed · #3 by USD value
Sky Dollar (USDS) is a USD-pegged crypto-backed stablecoin, backed by backed by dai/usdc. It currently ranks #3 among tracked stablecoins by circulating supply, and is deployed across 7 blockchains. Data is updated daily at 00:00 UTC from DefiLlama.
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 98.3% | $6.43B |
| Arbitrum | 1.5% | $99.8M |
| Solana | 0.2% | $10.4M |
| Base | 0.0% | $2.0M |
| Unichain | 0.0% | $178 |
| OP Mainnet | 0.0% | $154 |
| Avalanche | 0.0% | $11 |
Sky Dollar (USDS) is a USD-pegged stablecoin backed by backed by dai/usdc. Its peg mechanism is crypto-backed, and it currently ranks #3 among tracked stablecoins by circulating supply.
USDS has a circulating supply of $6.54B (USD equivalent). Data updates daily at 00:00 UTC from DefiLlama.
USDS is backed by Backed by DAI/USDC. This means holders' claims are collateralized in that form, with reserves reported by the issuer.
USDS is deployed across 7 blockchains, with Ethereum holding the largest share of supply. See the Chain Distribution section on this page for the full breakdown.
USDS shares a USD peg with USDT and USDC — the market's two largest stablecoins — but differs in issuer, backing composition, and typical use cases. USDT and USDC together account for the majority of USD stablecoin supply; USDS ranks #3.
| Full Name | Sky Dollar |
| Symbol | USDS |
| Peg | USD |
| Peg Mechanism | crypto-backed |
| Backing | Backed by DAI/USDC |
| Chains Deployed | 7 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-07-27 · refreshes daily 00:00 UTC |