Over the past 30 days, USDS has shown steady activity and signals of increasing adoption, according to RWA.xyz:
💰 Market Cap: $7.68 billion, up +1.2%
🔄 Monthly Transfer Volume: ~$284.5 billion, slightly down –4.1%
🌐 Active Addresses: ~43,428, down –1.1%
👥 Holders: ~677,749, up +1.0%
💲 Price: $0.9997 — holding its peg firmly
🔧 How Does USDS Work?
Developed by MakerDAO (now operating under SKY Protocol), USDS is an over-collateralized stablecoin — similar to DAI.
Users deposit crypto or tokenized real-world assets (RWA) into a vault and mint USDS against it, following strict collateralization ratios.
If collateral value drops, the vault gets liquidated to maintain the peg.
USDS doesn't offer yield directly — instead, it's a pure decentralized borrowing tool anchored in DeFi mechanics.
⚖️ Pros & Cons
Pros:
Built on a proven framework (DAI/MakerDAO)
Backed by diverse assets, including RWAs
Secure peg via over-collateralization
Challenges:
Less capital-efficient compared to algorithmic models
Lower adoption than USDT/USDC
Faces new competition from yield-bearing stablecoins
📌 Final Take
USDS is a battle-tested, collateral-backed stablecoin — ideal for those seeking safety and decentralization. While it doesn’t offer yield like some competitors, it provides strong peg stability and trust thanks to the MakerDAO/SKY protocol legacy.
For those navigating between risk and resilience in DeFi, USDS remains a solid anchor.
#USDS #defi #Stablecoins #RWA #BinanceSquare
✍️ Written by @CryptoTradeSmart
Crypto Analyst | Becoming a Pro Trader
💡 Posting crypto insights and real trading perspectives.