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Stablecoin

USDS (USDS)

$0.9945
−0.60% 1D
TheDistributed reference price, computed from on-chain venues · as of 08:39 UTC Method

Peg

USDS vs $1.00
Peg now $0.9945 · -55.1 bp
Worst deviation since 9 Jul 2026 (first day tracked) -55.1 bp · 10 Jul

On-chain reference price measured against $1.00 — own methodology, no issuer data. As of 08:39 UTC. Method

Supply & valuation

How these are computed
Total supply (on-chain) 7.55B USDS
Tracked DEX liquidity $17.3M

Holders & concentration

Data via Blockscout · as of 10 Jul 2026
Top 10 wallets hold 92.5% of supply
Top 50 wallets hold 99.0% of supply

Concentration is the standard due-diligence read on attention-driven assets: the fewer wallets control the supply, the more one seller can move the price. Exchange wallets pool many customers, so labelled exchange rows are not single holders.

Largest holders

0xa3931d…7fbD · Sky: sUSDS Token 70.4%
0x173e31…F3af · USDS to SPK Farm (StakingRewards) 7.3%
0x4E4148…c86a 3.1%
0xC02aB1…4359 2.7%
0x99CD4E…EEB9 · Sky: stUSDS Token 2.3%
0x7F311a…9Ef3 1.9%
0x467194…6C65 · Optimism: L1 Escrow 1.3%
0x1196F6…566A 1.3%
0xA10c7C…9400 1.3%
0x000000…8A90 · Uniswap V4: Pool Manager 0.7%

USDS — frequently asked questions

From live data

What is USDS's supply?

USDS has a total on-chain supply of 7.55B USDS, read directly from the chain. Its circulating supply can't be independently verified, so we report only the total.

How is the USDS price here computed?

The USDS price on this page is TheDistributed's own reference price, computed from on-chain venue data rather than exchange feeds. The full method, tolerances and labels are documented on our methodology page.

Does USDS have a market cap?

No market cap is shown for USDS. It is a stablecoin, and stablecoin supply figures are issuer claims rather than on-chain facts we can verify, so this page reports no market cap at all.

Is USDS its own blockchain?

No — USDS (USDS) is a stablecoin issued on a host blockchain rather than a native coin. We track it by its verified canonical contract, and its on-chain figures are read from that contract.

Answers are generated from the live figures on this page — on-chain reads, our own reference price and Reddit crowd data — and update as the data does.