USDsui
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Stablecoin
Asset-Backed Stablecoin
About USDsuiUSDS is the upgraded stablecoin from MakerDAO (now Sky Protocol) representing the modernized version of DAI with enhanced governance mechanisms and migration paths from legacy Multi-Collateral DAI infrastructure. Trading on Coinbase and other major exchanges with significant institutional adoption and integration, USDS maintains USD peg through Sky Protocol governance with reserve composition including crypto-collateralized loans and real-world asset backing. Launched with comprehensive institutional support and regulatory clarity compared to legacy DAI, USDS adoption represents Sky Protocol's strategic evolution toward institutional market positioning and USD stablecoin market share expansion against USDC and USDT dominance.
Assets Details
Access Model
PermissionlessRedeemable
NoAttestations
NoCEX Listed
NoKYC to mint or redeem
YesTransferable
YesSelf Custody
Yes