01 /
Brief
Sky's stablecoin (formerly DAI). ~$11.7B supply. Overcollateralized by crypto and RWA. Backed by BUIDL and USTB treasury allocations via Spark.
02 /
Snapshot
Key terms and identifiers.
- Asset classes
- Private credit, Treasuries
- Token standards
- erc-20, erc-7528
- Jurisdiction
- Global
03 /
Milestones
How this player got here.
- Apr 2026Binance auto-converted DAI balances to USDS at 1:1
- Jan 2025Crossed $3B supply
- 2025USDS supply grew 86% YoY to $9.86B
- Sep 2024Launched as DAI successor
04 /
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
