Sky's upgraded dollar, overcollateralised on-chain by crypto assets and tokenised real-world credit. Collateral is verifiable on-chain in real time; a large share is now allocated to Treasury-backed exposure.
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Where to get USDS
Every venue that sells Sky Dollar, ranked by what a purchase actually costs once fees, spread and the withdrawal to your chain are counted.
Cheapest route: Transak — you receive about $981 of USDS from $1,000 (1.89% all-in, straight to your wallet).
| Venue | Type | Fee | Spread | Withdrawal | All-in cost | You receive | Verified | Go |
|---|---|---|---|---|---|---|---|---|
| On-ramp | 0.99% | 0.90% | direct to wallet | $19 1.89% | $981 | 2026-08-11 Fee accurate? | Buy on Transak | |
| On-ramp | 1.00% + $4 | 1.00% | direct to wallet | $24 2.40% | $976 | 2026-08-11 Fee accurate? | Buy on MoonPay | |
| On-ramp | 1.50% | 1.20% | direct to wallet | $27 2.70% | $973 | 2026-07-28 Fee accurate? | Buy on Banxa |
Estimates built from published fee schedules — the final price is shown at venue checkout. Partner links never change this ranking.
Put it to work
Best rate on USDS from a protocol we would defend: over $100M TVL and more than a year live. Currently sky-lending · Ethereum.
The tradeoff: smart-contract risk on top of issuer risk, and the rate can move any block.
All USDS yieldsAlternatives worth knowing
- Safer siblingPYUSD +4 safety score
+3.7pp yield versus USDS, and less depth on some chains.
- Earning siblingUSDE 44.7% APY built in
Safety score 74 vs 89 — the yield is compensation for that gap.
- Cheaper to moveUSDS on Arbitrum cents per transfer
Ethereum transfers of the same token cost dollars. Bridging across costs time, and Arbitrum has thinner venue support.
Spend it
No card in our directory spends USDS directly. Swapping into USDC or USDT first is the usual route — factor the swap cost in.
Compare every cardSupply history
Safety score: 89/100 — Robust
- Collateral quality & transparency (30%)84
What actually backs the token and how often it is verified. Treasury-backed with daily or on-chain proof scores highest; unattested reserves score lowest.
- Peg stability (25%)100
Live deviation from $1.00 plus the worst historical depeg on record. A single deep depeg keeps weighing on the score.
- Liquidity depth (20%)100
Tracked on-chain pool liquidity in absolute dollars and as a share of circulating supply — how much can exit before the price moves.
- Issuer & legal structure (15%)82
Regulatory status of the issuer and whether holders have a direct redemption right or only a secondary market exit.
- Track record (10%)61
Years in production, minus documented incidents.
Issuer & structure
- Regulatory regime
- No prudential regimesource
- Issuer
- Sky (formerly MakerDAO)
- Jurisdiction
- Decentralised / Cayman foundation
- Collateral
- crypto-overcollateralized
- Peg mechanism
- crypto-backed
- Attestation
- onchain
- Redemption
- direct
- Issuer can freeze balances
- Yes — issuer can freeze balances
- Attestor
- —
- Launched
- 2024
- Website
- Official site
Contracts
Always verify the contract — fake versions of every major dollar token exist.
Got an address from someone? Check it against the registry.