Sperax USD USDS

What USDS actually is on-chain

Sperax USD is an ERC-20 deployed on Arbitrum, at contract address 0xd74f5255d557944cf7dd0e45ff521520002d5748. That address, not the ticker USDS, is what uniquely identifies this asset: anyone can deploy a second token calling itself USDS, but the contract is unforgeable. Verify it against arbiscan.io before sending funds or approving a spend.

Because it lives on Arbitrum, USDS is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in USDS itself, and secondary liquidity sits in Camelot and Uniswap pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

Another asset tracked on this site also uses the ticker USDS: USDS (Ethereum, 0xdc03…384f). The asset on this page is specifically the Arbitrum deployment at 0xd74f…5748. These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For USDS the project publishes a public source repository and an active account as @SperaxUSD. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where USDS sits in the market

Sperax USD ranks #3520, in the upper long tail, past the point where most data providers stop publishing supply figures, far outside the set of assets that carry continuous market-maker coverage. At this end of the table the first question is data integrity rather than valuation: a quote can originate from a single pool or a single venue, reported volume is difficult to verify independently, and the distance between the last print and a genuinely executable price can be wide. Treat any indicator computed on this series as provisional.

CryptoPingAi is currently streaming 6 live USDS order books (Binance, OKX, Gate.io, HTX, Upbit, Bithumb). That is wider coverage than most assets ranked near #3520 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

USDS against its all-time high

USDS is 50.0% below its $2.00 peak (on 2022-12-01), roughly a halving of value from the high. 2.00x is needed to get back, and the band between here and there is thick with supply bought during the run-up. Rallies into that zone tend to meet holders getting back to break-even rather than buyers initiating, which is why the first push toward the high usually fails before the second one. It was set 4 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

USDS across its historical range

The recorded range is comparatively narrow: 2.40x between $0.8330 and $2.00. Either the price history is short, or the asset is designed not to move.

At 20.1% above its record low of $0.8330 (on 2025-07-25), USDS sits near the edge of its own price history. Nothing has traded beneath that level, so there is no support to reference, no volume shelf and no cost-basis cluster underneath. Because that low is itself recent, the asset is in an active downtrend rather than sitting at an old floor — each new low invalidates the previous one as a reference.

USDS supply and valuation data

Supply figures for USDS are self-reported at this rank rather than reconciled against the chain, so we publish the valuation we have and not a circulating-supply number we cannot check. What we do have is a fully diluted valuation of $617 thousand as of 2026-05-12. That sits around the middle of the distribution — roughly half the assets tracked here carry a smaller fully diluted value.

Since the figure is a snapshot rather than a live number, we do not reverse it into a supply count: the price has moved since it was taken, and that division would produce a confident but incorrect token count. For any per-token valuation, check the current supply on the project's own explorer first. The authoritative figure is the one arbiscan.io reports for this contract.

What kind of asset USDS is

Sperax USD is pegged to the US dollar, so the only price question that matters is whether the peg holds; trend and momentum readings on a dollar peg describe noise, not direction. Its peg is maintained algorithmically rather than by reserves. That is the most fragile of the stablecoin designs: the mechanism that defends the peg is itself reflexive, so it is strongest when it is least needed and weakest during the redemption pressure it exists to absorb. Depegs in this category tend to be step changes, not drifts. It is small for a stablecoin, and at this size the peg depends heavily on one or two liquidity pools; thin-book depegs here say more about liquidity than about solvency.

CoinGecko files USDS under 5 categories, including Stablecoins, USD Stablecoin, Arbitrum Ecosystem, Algorithmic Stablecoin, Fiat-backed Stablecoin. CoinGecko also records deployments on Arbitrum (391 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a Sperax USD alert that is worth receiving

Sperax USD is the ERC-20 at 0xd74f…5748 on Arbitrum — quoted on 6 venues we stream — high dated 2022-12-01 — rank #3520. On this profile the condition that carries signal is a peg-deviation band of roughly ±0.5% of par, with RSI ignored entirely.

Full alert-design method: thresholds, RSI/MACD and volume conditions →