Stablecoin USDS Supply Approaches $13 Trillion... "Will Become the New Savings Standard"

Sky(formerly MakerDAO) announced on the 21st that the supply of its stablecoin USDS (a virtual asset pegged to fiat currency) has surpassed $9 billion (approximately 12.9 trillion won). USDS has recorded a supply growth of over 70% this year alone.

USDS is the 'Savings Standard,' an upgrade to the existing stablecoin DAI, launched last September. Its key features include ▲transparency ▲continuous rewards ▲stability, and it focuses on providing solutions for the financial industry to utilize stablecoins.

Currently, USDS offers an interest rate of 8.75%. A notable feature is that AI agents evaluate and manage collateral in real-time for interest rate determination.

Meanwhile, as USDS rapidly increases its supply, there are observations that it will emerge as a new powerhouse in the stablecoin industry. Vance Spencer, co-founder of Framework Ventures, stated through his X (formerly Twitter), "Technically, USDS tracks the Dollar Index (DXY) plus interest. It also has no risk factors such as lockups," adding that "The ceiling for USDS supply is currently immeasurable."

He further added, "Until now, users had to choose between low yields and unsustainable risk, but USDS presents a new 'Savings Standard' allowing users to increase their savings while maintaining maximum liquidity and control."