#USDS market cap surpasses $2.1 billion#

The market cap of USDS, a stablecoin under Sky, has surpassed $2.1 billion, ranking fifth among stablecoins. It has nearly doubled in the past month, causing a stir in the DeFi space. According to Defillama data, USDS issuance has increased by 99% in the past month, with a year-on-year growth of 12.50%, which is outstanding in the stablecoin market. The growth of USDS market cap is mainly attributed to DAI swaps, with $123 million coming from DAI swaps. Currently, the total market cap of USDS has exceeded $2.1 billion, of which £1.45 billion comes from MakerDAO's TVL, indicating that USDS has gained wide recognition and application in the DeFi space. The rapid growth of USDS also reflects the growing trend in the stablecoin market and the increasing demand for stablecoins among users.