#USDS supply breaks 1.5 billion#

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Overview

USDS supply has surpassed 1.5 billion, driven primarily by a stable savings rate of 12.5%. Sky (formerly MakerDAO) announced this on the X platform. The growth in USDS supply indicates its increasing recognition in the market and reflects the importance of stablecoins in the cryptocurrency market.

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Analysis

USDS supply surpasses 1.5 billion, sparking market attention. According to Sky (formerly MakerDAO) on the X platform, the USDS supply has surpassed 1.5 billion. This growth is primarily attributed to the Sky Savings Rate remaining stable at 12.5%, which means users deposit funds into the USDS protocol and earn interest, thereby driving the growth of the USDS supply. This phenomenon indicates that user trust and engagement in the USDS protocol are steadily increasing, reflecting the ongoing growth trend in the stablecoin market.

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