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USDSStablecoin·Sky (formerly MakerDAO) ↗·LiveAs of Oct 10, 2026···

Sky Dollar

Sky Dollar (USDS), the Sky protocol's upgraded US dollar stablecoin, successor to DAI.

Stablecoin Quality Rating
52/ 100
Limited+18 to Institutional-grade (≥70)-1.3 pts / 30dData gap: Disclosure Quality · Redemption Liquidity · Structural Trust
OCB — 01·Rating breakdown
Methodology v1.6 · Oct 10, 2026

USDS across four dimensions

Reserve18 / 25
Redemption25 / 25
TransparencyLIMITING— / 25
Concentration9 / 25
Gap to Institutional-grade (≥70)+18

Signal readings

Top-10 holder pct
79.6%

Custody & backing fields are descriptive — published, not scored

OCB — 02·Outstanding supply
$7.10B

USDS supply over time

USDS · Sky (formerly MakerDAO)

Outstanding supply (USD)

USDS outstanding supply is $7.10B as of Oct 10, 2026. +4.6% over the prior 30 days.
ONCHAIN
BENCHMARK
Source: OCB Quality Ratings · USDS · onchainbenchmark.comUpdated daily
OCB — 03·Rating history
54 readings

USDS quality rating since coverage began

USDS · Stablecoin Quality Rating

Composite rating (0–100)

USDS rating is 52 as of Oct 10, 2026. -1.3 points over the prior 30 days.
ONCHAIN
BENCHMARK
Source: OCB Quality Ratings · USDS · onchainbenchmark.comUpdated daily
OCB — 04·Deployments

How this instrument's supply is distributed across chains

ChainShare of measured supply
ETHEthereum
98.5%
0xdC035D…07384FExplorer ↗
ARBArbitrum
1.4%
0x6491c0…9b876bExplorer ↗
SOLSolana
<0.1%
USDSwr9A…1vTwcAExplorer ↗
OCB — 05·Coverage gaps + diligence

Where coverage is incomplete — and what could narrow it

Methodology

USDS is scored across the same four dimensions as every other rated instrument in its class — Reserve Quality, Redemption Depth, Holder Concentration, and Transparency. Each dimension contributes up to 25 points. The dimension breakdown above shows where the score comes from; the diligence trail shows every verified fact behind it.

Read the full methodology ↗
OnChain Benchmark
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