USDS USDS

What USDS actually is on-chain

USDS is an ERC-20 deployed on Ethereum, at contract address 0xdc035d45d973e3ec169d2276ddab16f1e407384f. 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 etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, USDS is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in USDS itself, and secondary liquidity sits in Uniswap-style AMM 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: Sperax USD (Arbitrum, 0xd74f…5748). The asset on this page is specifically the Ethereum deployment at 0xdc03…384f. 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 whitepaper and an active account as @SkyEcosystem. 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

At #12, USDS sits in the top of the large-cap band, near enough to the leaders to be quoted like one of them. This close to the leaders the book behaves like a major most of the time: USDS quotes continuously on the large venues and the spread is rarely the reason a trade goes wrong. What separates it from the top ten is reflexivity — it takes the benchmark's direction and amplifies it, so drawdowns arrive faster than the rank suggests.

CryptoPingAi is currently streaming 6 live USDS order books (Binance, OKX, Gate.io, HTX, Upbit, Bithumb). That is coverage in line with a #12 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. 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 13.0% below the $1.15 record set on 2026-04-02. That is a shallow drawdown: the high itself is the nearest meaningful reference overhead, and the supply that changed hands near it is small enough that a retest is a mechanical question of flow rather than a structural one. Reclaiming the high needs only 1.15x from here. That high was set within the last six months, recently enough that it still anchors how most current holders frame the asset.

USDS across its historical range

The recorded range is comparatively narrow: 1.21x between $0.9483 and $1.15. Either the price history is short, or the asset is designed not to move.

USDS trades within 5.5% of the all-time low of $0.9483 set on 2024-10-03. Below that mark the chart is blank — no prior trading means no support level to cite, no volume shelf and no cluster of cost basis to lean on. The low is old enough that it has held as a floor across multiple market regimes, which is a materially different situation from a low being freshly printed.

USDS supply structure

There is no fixed maximum supply for USDS. Total supply stands at 11.09 billion USDS and essentially all of it — 99.7% — is circulating. With no locked treasury to unlock, dilution comes from protocol issuance over time rather than from a cliff on a vesting calendar, which tends to produce slow supply drift instead of discrete unlock shocks. A float measured in the tens of billions also means the unit price is small in absolute terms, so percentage moves matter and round-number levels sit at decimal places most people do not watch — an alert set on a whole-cent boundary will behave very differently here than on a three-figure asset.

What kind of asset USDS is

USDS 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. It is backed by off-chain reserves, which moves the risk from smart-contract code to custody and disclosure: who holds the reserves, what they are held in, and how often that is attested. Those are the questions that decide whether the peg survives a redemption wave. At a fully diluted value above a billion dollars it is large enough that its peg is defended by deep secondary liquidity, not only by the issuer's redemption promise.

CoinGecko files USDS under 7 categories, including Stablecoins, USD Stablecoin, Solana Ecosystem, Arbitrum Ecosystem, Ethereum Ecosystem. CoinGecko also records deployments on Solana (3,129 tracked tokens), Arbitrum (391 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a USDS alert that is worth receiving

USDS is the ERC-20 at 0xdc03…384f on Ethereum — quoted on 6 venues we stream — high dated 2026-04-02 — rank #12. 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 →