Latest USDS (USDS) Price Analysis

Deep Dive

1. Primary catalyst

Coinbase listing volatility: USDS began trading on Coinbase on July 10, 2025, with initial enthusiasm fading quickly. While the listing initially boosted related token SKY by 5%, USDS saw a brief liquidity imbalance as traders likely sold the stablecoin to lock profits from SKY’s rally (Coinbase announcement).

2. Market dynamics

• Yield competition: USDS’s 4.5% Sky Savings Rate trails Pendle’s USDS/SPK farms offering 6.47% APY, prompting capital rotation (Pendle launch).
• BTC dominance: Bitcoin’s 63.93% market share (up 0.33% in 24h) suggests funds flowed into BTC during its rally near all-time highs, pressuring stablecoins.

Conclusion

USDS’s dip appears driven by transient post-listing selloffs and yield-seeking behavior, with its peg likely stabilizing as arbitrageurs correct deviations. Will USDS’s institutional adoption via Spark Protocol offset competition from yield-bearing alternatives?