How to Buy USDS (USDS): A Step-by-Step Guide

Latest Movements

USDS (USDS) is currently priced at $1.09 with a 24-hour trading volume of $28.88M. In the last 24 hours, USDS has seen an increase of 0.01%. The market cap of USDS stands at $5.78B, with 5.78B USDS in circulation. For those looking to buy or trade USDS, Coinbase offers avenues to do so securely and efficiently

Market cap: $5.78B
24h volume: $28.88M
Circulating supply: 5.78B USDS

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Frequently Asked Questions About USDS (USDS)

What is USDS and how does its price behave relative to the dollar?: USDS is a stablecoin designed to maintain a price close to 1 USD. As of now, USDS trades around 0.9997 USD, indicating it remains near its peg. The price can fluctuate slightly due to market supply and demand, liquidity on exchanges, and any protocol-level adjustments. If you’re using USDS for trading or hedging, expect small deviations within a few tenths of a cent. Always check the latest price on your primary exchange and be mindful of potential temporary de-pegging during extreme market events.
How can I use USDS in my crypto portfolio for risk management?: USDS serves as a dollar-pegged stablecoin to reduce volatility in a crypto portfolio. You can convert volatile assets into USDS during downturns to preserve value, use it for price-sensitive trades, or as a waiting currency when waiting for favorable prices on USD-based trades. When moving funds into USDS, consider liquidity on trusted exchanges, withdrawal/deposit fees, and any mint/burn mechanics if used within a specific network. Regularly monitor the peg and liquidity pools to ensure smooth redemptions and minimize slippage.
What are the key technical and risk considerations when holding USDS?: Key considerations include the mechanism behind the peg (on-chain collateral, algorithmic controls, or fiat reserves), audit and reserve transparency, and the reliability of the issuing protocol. Evaluate the liquidity depth across major exchanges to avoid slippage when buying or selling large amounts. Stay informed about potential regulatory developments affecting stablecoins and any changes to reserve management. For long-term holding, diversify across multiple stablecoins to mitigate risk if one protocol faces a disruption or de-pegging event.