#Sky stablecoin USDS market cap surpasses $2.1 billion#
Hot Topic Overview
Overview
Sky's stablecoin USDS has surpassed a market cap of $2.1 billion, ranking fifth among stablecoins and nearly doubling in the past month. USDS issuance has increased by 99% in the past month and 12.50% year-over-year, causing a stir in the DeFi space. The growth of USDS is largely attributed to DAI swaps, with $123 million coming from DAI swaps. Currently, USDS has a total market capitalization of over $2.161 billion, making its growth rate and scale extremely prominent within the DeFi space.
Ace Hot Topic Analysis
Analysis
Sky's stablecoin USDS has surpassed a market cap of $2.1 billion, nearly doubling in the past month to become the fifth-largest stablecoin. According to Defillama, USDS's issuance has grown 99% in the past 30 days and 12.50% year-on-year, causing a stir in the DeFi space. The growth of USDS is largely attributed to DAI swaps, with $123 million coming from DAI swaps. Sky's USDS issuance reaching $2.12 billion indicates growing investor trust in Sky and reflects the increasing demand for stablecoins in the DeFi market.
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Public Sentiment
Discussion Word Cloud
Classic Views
Sky stablecoin USDS market cap surpasses $2.1 billion, ranking as the fifth largest stablecoin, nearly doubling in the past month.
USDS issuance has increased by 99% in the past month and 12.50% year-on-year, causing a stir in the DeFi space.
The growth of USDS partly comes from DAI swaps, with $123 million coming from DAI swaps.
Sky's total value locked (TVL) reached £1.45 billion as of January 18, 2025.