Sky Dollar (USDS) stablecoin analytics
USDS is Sky's upgraded successor to DAI, minted 1:1 from DAI or against the same Maker vault system of RWA, USDC, and crypto collateral.
Static Profile
Static stablecoin profile
Sky Dollar (USDS) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Jul 8, 2026
Sky Dollar still commands the single best redemption infrastructure in stablecoins: a permissionless PSM with atomic, zero-fee settlement and well over half of total supply available as immediate exit capacity — no other stablecoin at scale offers anything close. The A- safety...
AI summary · drafted by claude-fable-5 · reviewed by @TokenBrice on Jul 8, 2026 · facts as of Jul 8, 2026
- Collateral
- Upgraded 1:1 successor to DAI on the same vault system, with current exposure organized across Sky Agent/Star buckets: Stablecoins/PSM around 38%, Spark around 28%, Grove RWA around 23%, Obex around 5%, Core crypto around 4%, Staking around 1%, and Legacy RWA around 1%; percentages drift with vault and Agent allocation changes.
- Peg Mechanism
- Peg Stability Modules enabling 1:1 swaps with USDC and DAI
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is USDS safe?
Pharos does not mark USDS as absolutely safe. Static metadata says Sky Dollar uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usds-sky
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jul 8, 2026.
USDS quick answers
What is Sky Dollar (USDS)?
USDS is Sky's upgraded successor to DAI, minted 1:1 from DAI or against the same Maker vault system of RWA, USDC, and crypto collateral. The static profile records its US Dollar peg mechanism as: Peg Stability Modules enabling 1:1 swaps with USDC and DAI
Is USDS safe?
Pharos does not mark USDS as absolutely safe. Static metadata says Sky Dollar uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USDS?
Pharos classifies USDS backing as Crypto-Collateralized. Collateral, per the static profile: Upgraded 1:1 successor to DAI on the same vault system, with current exposure organized across Sky Agent/Star buckets: Stablecoins/PSM around 38%, Spark around 28%, Grove RWA around 23%, Obex around 5%, Core crypto around 4%, Staking... Reserve evidence: live reserve feed configured.
Can USDS be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDS, when applicable, appear in the dossier below.