cryptonist

Stablecoins

Sky Dollar (USDS)

Data as of 3 October 2026 · Official site

Sky Dollar (USDS) is a crypto-backed stablecoin pegged to the US dollar, issued across 7 chains. On 3 October 2026 its circulating supply was $6.8B, up 3.1% over 30 days, which places it 3rd of 48 stablecoins tracked here. DefiLlama prices it at $0.9999. Supply is what the issuer has outstanding. It is not a measure of reserves, and a steady supply figure says nothing on its own about whether the peg is holding.

Circulating supply, over time

Circulating supply, USD: $98.5M at the start of the series, $6.7B at the end. $0 $2.5B $5.0B $7.5B $10.0B Sept 24Mar 25Sept 25Mar 26Oct 26
Circulating supply, USD. Weekly points for the last two years, monthly before. Source: DefiLlama, retrieved 3 October 2026.

Among stablecoins

Circulating supply by stablecoin: top 25 of 48 tracked, Sky Dollar (USDS) ranked 3. Source: DefiLlama, 3 October 2026.
#StablecoinCirculating supply
1 Tether (USDT) $184.0B
2 USD Coin (USDC) $74.2B
3 Sky Dollar (USDS) $6.8B
4 Ethena USDe (USDe) $4.9B
5 Dai (DAI) $4.8B
6 World Liberty Financial USD (USD1) $4.4B
7 Global Dollar (USDG) $3.1B
8 PayPal USD (PYUSD) $2.9B
9 Ripple USD (RLUSD) $2.5B
10 Circle USYC (USYC) $2.4B
11 BlackRock USD (BUIDL) $2.2B
12 Ondo US Dollar Yield (USDY) $2.2B
13 United Stables (U) $1.6B
14 USDD (USDD) $1.5B
15 Falcon USD (USDf) $1.5B
16 USDGO (USDGO) $1.2B
17 GHO (GHO) $698.5M
18 Open USD (OUSD) $666.2M
19 Usual USD (USD0) $546.0M
20 EURC (EURC) $536.1M
21 Ethena USDtb (USDTB) $533.6M
22 YLDS (YLDS) $512.2M
23 Polymarket USD (pUSD) $489.8M
24 Multipli rwaUSDi (rwaUSDi) $487.4M
25 TrueUSD (TUSD) $484.2M

See all 48 stablecoins

Supply by chain

Supply by chain, Sky Dollar (USDS), 3 October 2026. Source: DefiLlama.
ChainUSD
Ethereum $6.7B
Arbitrum $99.8M
Solana $5.6M
Base $2.9M
OP Mainnet $454
Unichain $178
Avalanche $11

Issuer disclosures recorded by DefiLlama

Users can access Sky Protocol's liquidity pools through Sky.money to trade USDC, USDT, ETH, or SKY for USDS. They can also upgrade DAI to USDS

Price on the snapshot date: $0.9999. Chains: 7.

Source: DefiLlama, retrieved 3 October 2026, under its open methodology. Figures are a dated snapshot, not a live feed.