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USDS

Protocol stablecoin associated with the MakerDAO / Sky transition. SOG records USDS as active while keeping DAI, USDS, sUSDS, Sky Savings Rate, and lifecycle relationships visible as source-review areas.

Statusactive

Evidence1

record facts

Symbol	USDS
Status	active
Peg asset	USD
Collateral model	multi_collateral_or_protocol_based
Issuer	MakerDAO / Sky
Reserve disclosure	partial_or_protocol_transparent
Redemption status	protocol_based_or_conversion_based
Last verified	2026-06-05

Stablecoin registry

Compare this record with other active, discontinued, failed, migrated, and limited stablecoins.

Issuer dossier

MakerDAO / Sky · protocol · unknown

Status vs event

Understand why status labels and historical events are kept separate.

redemption access — issuer redemption, not secondary-market trading

Status	protocol_based_or_conversion_based
Who can redeem	USDS is part of the Sky Protocol ecosystem. Access, conversion, savings, and protocol-exit mechanics should be described from Sky sources rather than fiat-backed issuer redemption framing.
Retail redemption	protocol_or_app_based
Institutional redemption	protocol_or_app_based
Minimum redemption	source_review_needed
Region / access notes	Sky.money provides non-custodial access to Sky Protocol products. DAI, USDS, sUSDS, Sky Savings Rate, and upgrade or conversion flows require separate lifecycle treatment.
Registry note	SOG separates USDS protocol/app conversion and savings product context from fiat-backed issuer redemption models and from DAI legacy context.

evidence coverage summary — source coverage, not a safety score

Coverage type	Count
Evidence records	1
Reserve references	1
Regulatory notes	0
Deployment notes	1
Known unknowns	1

event timeline

Date	Event	Type	Impact	Recovered
No event records yet.

reserve / attestation history

Date	Publisher	Type	Asset categories	Confidence
2026-06-05	Sky.money	protocol_disclosure_reference	multi_collateral, protocol_context, source_review_needed	medium

regulatory / official context — source-backed notes, not legal advice

Date	Title	Source	Type	Summary
No regulatory notes recorded yet.

deployment / contract data — static registry notes, not live chain monitoring

Chain	Deployment type	Status	Contract	Notes
Ethereum	protocol_token_or_app_supported	source_review_needed	source_review_needed	USDS protocol/token deployment and DAI upgrade or conversion context need exact source-backed review.

evidence records

Source	Publisher	Type	Claim scope	Reliability
Sky.money page	Sky.money	protocol_page	USDS / sUSDS product context, protocol access, conversion, and yield disclaimers	primary

known unknowns

Topic	Description	Severity	Last checked
dai_usds_lifecycle	USDS, DAI, sUSDS, Sky Savings Rate, upgrade or conversion flows, collateral composition, and protocol-exit mechanics need exact source-backed lifecycle treatment.	medium	2026-06-05