USDS — price, funding and open interest
USDS/USDT perpetual on Binance · BingX · Coinbase · HTX · Kraken · Upbit: price 1.0008, 24h turnover $489K. Updated in real time.
What this is
StablecoinUSDS is the new name of DAI, the oldest decentralized stablecoin: in 2024 MakerDAO renamed itself Sky, and DAI got an upgraded version under the USDS ticker with built-in yield inside the protocol. Backing is crypto collateral and tokenized Treasuries, all visible on-chain — unlike USDT and USDC, whose reserves sit with a company. An honest caveat: the upgraded version has an address-freeze mechanism that classic DAI never had, and part of the community took that badly.
Chart
Chart built from data of Binance
USDS unlocks
No unlock schedule: the whole supply is already in circulation (100 % per CoinGecko).
Net issuance will appear once our supply ledger covers 30 days.
Supply figures are from CoinGecko, updated once a day. We do not take unlock schedules from trackers.
What the data shows
USDS trades at 1.0008. Over 182 days it ranged between 0.8000 and 1.0489; the price now sits in the upper third of that range — 81% of the way from the yearly low to the high.
All-time high is 1.0489 (July 2026); the price is 5% below it now.
Over the day +0.04%, over the hour +0.01%, over the last five minutes +0.01% — the move has only just started.
The daily range is 0.1% and five-minute NATR is 0.01%. That range is at percentile 27 for the year — an ordinary day for it.
NATR is 0.00% on the minute and 0.01% on the hour — the move is choppy: within an hour price travels far and comes back.
USDS correlation with Bitcoin over 24 hours is -0.19 — it goes its own way, barely looking at Bitcoin.
Traded on 6 venues: Binance, BingX, Coinbase, HTX, Kraken, Upbit — the price is cross-checked across several sources.
24-hour turnover is $489K — percentile 52 for the year: a normal level of activity for it.
By turnover it ranks 1106 of 2043 instruments in the screener.
By daily range it ranks 1985 of 2043.
Built from current numbers and the coin's own year of history. Updates with the data.
Our observations
KairoRight now USDS is within its usual range: volume, funding and open interest are all unremarkable.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — stablecoin. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.