STABLECOIN / USD
USDS
Sky Dollar, issued by Sky Ecosystem. Crypto + RWA-backed.
Supply snapshot: 2026-09-14. API captured 2026-09-14 12:10:57 UTC. Price-update time is not supplied by the provider. Selected document fields reviewed 2026-09-12; other fields need review.
OVERVIEW
What is USDS?
Sky Dollar (USDS) is a USD-denominated crypto + rwa-backed stablecoin associated with Sky Ecosystem. This profile separates a market snapshot dated 2026-09-14 from issuer-document reviews.
ISSUER / OPERATORSky Ecosystem
BACKING MODELProtocol collateral across stablecoins, lending and other approved assets
REDEMPTION ROUTEUSDC conversion through the PSM; governance parameters apply
DOCUMENT REVIEW / 2026-09-12
What the sources establish.
USDS and sUSDS have different roles
Sky.money describes USDS as the base stablecoin, with the savings rate accessed separately through sUSDS. Its June 2026 explainer describes a USDC peg-stability route and diversified protocol collateral. The numerical balances in that article are dated June, so they are not used here as September backing measurements. Governance can change parameters and route costs.
Read the source ↗01 / ISSUER & STRUCTURE
What supports the unit.
- ISSUER
- Sky Ecosystem Not field-reviewed
- UNIT
- USD Not field-reviewed
- ISSUANCE MODEL
- Crypto + RWA-backed Not field-reviewed
- RESERVE / COLLATERAL
- Protocol collateral across stablecoins, lending and other approved assets Source · 2026-09-12 ↗
- ATTESTATION
- Onchain accounting Not field-reviewed
- REGULATORY POSTURE
- DAO-governed Not field-reviewed
02 / INTERPRETATION
How to read this record.
Only fields with their own dated source link were checked in the latest document review. Other descriptions remain historical reference material, even when a general source link is available.
Market cap is estimated as dated token supply multiplied by the USD price captured from the API. The two inputs are not guaranteed to be simultaneous. Supply change compares exact 30-day history points in token units, not dollar value or investment return. Network counts include tracked bridges.
03 / QUESTIONS
Common questions about USDS.
What is USDS?
Sky Dollar (USDS) is a USD-denominated crypto + rwa-backed stablecoin associated with Sky Ecosystem. This profile separates a market snapshot dated 2026-09-14 from issuer-document reviews.
Who issues USDS?
The Stablrcoin record identifies Sky Ecosystem as the issuer, operator or governing organization associated with Sky Dollar. The exact legal role can differ between company-issued tokens and decentralized protocols, so the linked primary source remains authoritative.
What backs USDS?
The directory describes the reserve or collateral model as Protocol collateral across stablecoins, lending and other approved assets. That field has a dated source in the document review from 2026-09-12.
Can USDS be redeemed?
The recorded redemption route is: USDC conversion through the PSM; governance parameters apply. The route has a dated source in the document review from 2026-09-12. Eligibility, minimums, settlement windows and fees can still depend on the issuer, account type and jurisdiction.
Does USDS pay yield?
The listed yield profile is No base-token yield; separate sUSDS savings route. Yield from a separate wrapper, savings product or protocol position is not the same as yield built into the stablecoin itself and can introduce additional risks.