#Sky stablecoin USDS market cap surpasses $2.1 billion#
Hot Topic Overview
Overview
Sky's stablecoin USDS has surpassed a market cap of $2.1 billion, ranking fifth among stablecoins. Its growth has been remarkable, nearly doubling in the past month. According to Defillama data, USDS issuance has increased by 99% in the past month and 12.50% year-over-year, causing a stir in the DeFi space. The growth of USDS is primarily attributed to DAI swaps, with $123 million coming from DAI swaps. The rapid growth of USDS has also pushed the total market cap of stablecoins to over $209 billion, setting a new all-time high.
Ace Hot Topic Analysis
Analysis
The market cap of Sky's stablecoin USDS has surpassed $2.1 billion, ranking fifth in the stablecoin market. It has nearly doubled in the past month, attracting attention in the DeFi space. According to Defillama data, the USDS issuance volume has increased by 99% in the past 30 days, and year-on-year growth is 12.50%. Among them, $123 million came from DAI swaps. The rapid growth of USDS has also driven Sky's total value, which reached £1.45 billion as of January 18, 2025. The success of USDS is attributed to its applications in DeFi and its interoperability with other stablecoins. The rapid growth of USDS also indicates that the stablecoin market is developing rapidly, and more new stablecoins will emerge in the future.
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Public Sentiment
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Classic Views
Sky Stablecoin USDS Market Cap Surpasses $2.1 Billion, Ranking Fifth Largest Stablecoin
USDS has grown 99% in the past month, up 12.50% year-over-year
USDS's growth has caused a stir in DeFi
USDS's growth is partly due to DAI swaps