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About USDS
USDS is the dollar-denominated stablecoin of the Sky protocol, the rebranded continuation of MakerDAO. It is backed by a diversified pool of collateral managed on-chain through a decentralized governance process.
How USDS Works
The token is issued against collateral deposited into the protocol, including crypto assets and tokenized real-world instruments, with parameters set by governance rather than a company. Holders can lock USDS into the protocol's rewards module to receive a variable return funded by the protocol's revenue.
The History of USDS
MakerDAO, live since 2017 and the issuer of DAI, rebranded to Sky in 2024 and introduced USDS as an upgraded version of its stablecoin. DAI continues to exist and the two are convertible. The change also introduced a new governance token alongside the long-standing MKR.
What USDS Is Used For
USDS is used to hold dollar value on-chain, as collateral across DeFi and as a settlement asset. Locking it in the protocol's rewards module is the main way holders earn a return on the balance.
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Why buy USDS with YouHodler? +
YouHodler combines advanced security and encryption with a simple way to buy and sell USDS, fast crypto transactions, support for multiple fiat currencies, and a platform that works for newcomers and experienced traders alike.
Is USDS a good investment? +
USDS is built to hold its dollar value rather than appreciate, backed by the longest-running decentralized stablecoin system in the sector. Its collateral now includes tokenized real-world assets, which introduces counterparty exposure alongside the usual smart-contract and governance risks. Review the current collateral composition.
Can I buy USDS today and sell it tomorrow? +
Yes. YouHodler supports selling as well as buying, so you can acquire USDS and later exchange it for fiat currencies such as USD or EUR. Transactions settle quickly, major fiat currencies are supported, and withdrawals go out by bank transfer.
Is it safe to buy USDS? +
Buying USDS is generally safe on a reliable platform like YouHodler, which applies data encryption, identity verification and multi-layer account protection. The asset itself stays highly volatile, so prices can move sharply over short periods.
How do I convert USDS to cash? +
Connect a bank account, debit card or credit card to your YouHodler profile, exchange your USDS for a fiat currency such as USD or EUR, then withdraw the balance straight to your bank.
How much is $100 worth of USDS right now? +
That depends on the live USDS price, which moves constantly. Use the price chart on this page to see the current rate and work out exactly how much USDS $100 buys at this moment.
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