What sUSDS is designed to do
sUSDS is a fiat-backed stablecoin, currently ranked 35th by market capitalization among the assets we track. sUSDS is a tokenized claim on reserves held by its issuer. The design goal is a stable peg, which makes the relevant questions about sUSDS reserve quality and redemption, not upside.
sUSDS is a stablecoin designed to maintain a value pegged to the US dollar, facilitating seamless transactions within the cryptocurrency ecosystem. It aims to provide stability and liquidity for digital asset trading and applications.
How the peg is meant to hold
The mechanism is straightforward in theory — one token, one unit of reserve — but it depends entirely on the issuer actually holding and honoring those reserves. Attestation quality is therefore the core risk.
Background & fundamentals
sUSDS first went live in 2024, giving it roughly 2 years of on-chain price history to draw on. Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. CoinPaprika classifies the project's development status as "Working product".
In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20) and Stablecoin.
Where sUSDS sits in the market
At $1.10, sUSDS carries a market capitalization of $3.04B. Around $231.92K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.01% of the float — on the quieter side, which can mean thinner liquidity for large orders.
sUSDS carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. At the current $1.10, SUSDS sits essentially at its record high — the riskier end of the range for fresh entries.
What the price history shows
Across timeframes, SUSDS shows 24-hour +0.37%, 7-day +0.23%.
Volatility profile
Recent action puts sUSDS in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets.
How to evaluate a stablecoin like sUSDS
For an asset of this type, three lenses matter most:
- Reserve quality — what backs SUSDS — cash and short Treasuries are safer than commercial paper or crypto collateral — and who attests to it.
- Redemption access — whether holders can actually redeem at par, and how quickly, under stress.
- Regulatory standing — the issuer's jurisdiction and licensing, which increasingly determines which stablecoins survive at scale.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
