USDS USDS
Rank #14 stablecoindefi
Supply release: when does the rest arrive?
No maximum supplyThere is no release date — USDS has no maximum supply.
New USDS is issued indefinitely under the network's own rules, so there is no point at which issuance finishes and no final total to count down to. Long-run scarcity depends on the issuance rate — and on any burning that offsets it — rather than on a hard cap.
Supply at a glance
About USDS
USDS is the upgraded stablecoin of the Sky protocol (formerly MakerDAO's DAI ecosystem) — a decentralised US-dollar token backed by collateral rather than a company's bank account.
Issued by Sky, the protocol formerly called MakerDAO (2024).
USDS in context
USDS trades 15% below its all-time high of A$1.69, set in April 2025. Over the past 90 days it has lost 0.2% in AUD terms, trailing Bitcoin's +24.3% by 24.6 percentage points — one of the moves behind today's altcoin season index reading. Daily turnover runs at about 1.7% of its market value — comparatively thin trading, which can amplify moves in both directions.
Computed from our market records at build time — figures refresh with the daily rebuild.
12-month range (AUD)
today sits 30% of the way up the rangeThe supply maths: what would a price target mean?
full calculator →Market cap = price × circulating supply. With 10.06 billion USDS circulating, every dollar of USDS price is A$10.06B of market cap — so check what a target actually implies:
Where to buy USDS in Australia
Ad disclosure: 'Buy' buttons are affiliate links*; order reflects our exchange scores. It never affects scores or rankings. How we make money
| Exchange | AUD pair | Instant-buy cost | Score | |
|---|---|---|---|---|
| Kraken | via USDT | — | 8.4/10 | Buy on Kraken* |
| Coinbase | via USDT | 0.6% | 8.2/10 | Buy on Coinbase* |
| OKX | via USDT | 0.7% | 8.0/10 | Buy on OKX* |
| Crypto.com | via USDT | — | 8.0/10 | Buy on Crypto.com* |
| Binance | via USDT | 0.5% | 7.6/10 | Buy on Binance* |
How USDS stacks up
USDS vs DAI →
Side-by-side charts, market data and the structural differences — all head-to-heads.
FAQ
What is the USDS (USDS) price in AUD right now?
The USDS price in AUD is about A$1.43 as of our last data refresh — the price at the top of this page updates continuously from CoinGecko market data (every 10 minutes in production), quoted in Australian dollars first so there's no mental USD conversion. The converter above turns any USDS amount into AUD at the live rate.
How do I buy USDS in Australia?
USDS is listed on Kraken, Coinbase, OKX with direct AUD pairs. Deposit AUD via PayID or bank transfer, then buy USDS — most platforms complete this in minutes after ID verification.
Is USDS taxed in Australia?
Yes — the ATO treats USDS as a CGT asset. Selling, swapping or spending it is a taxable event; holding over 12 months may qualify individuals for the 50% CGT discount. See our crypto tax guide.
When will the rest of the USDS supply be released?
There is no release date — USDS has no maximum supply. New USDS is issued indefinitely under the network's own rules, so there is no point at which issuance finishes and no final total to count down to. Long-run scarcity depends on the issuance rate — and on any burning that offsets it — rather than on a hard cap.
Who created USDS?
Issued by Sky, the protocol formerly called MakerDAO (2024).
What is USDS's all-time high in AUD?
USDS peaked at A$1.69 in April 2025. Today's price sits 15% below that peak — the stat cards above track it daily.
Why does the USDS price here differ from prices I see in USD?
We quote in Australian dollars, so the number moves with both the coin's USD price and the AUD/USD exchange rate. Most global sites quote USD — multiply by the current exchange rate (or just use our converter above) and the numbers reconcile.
Market data powered by CoinGecko · availability verified against exchange listings
General information only, not financial advice. Crypto is volatile — never invest more than you can afford to lose.