HostUSDS vs DAI — price, size and safety, side by side
USDS (Ethereum) vs DAI (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-26 / 2026-09-27.
USDS vs DAI — normalized performance, 2026-09-21 to 2026-09-26T18:07:24
| USDS | DAI | |
|---|---|---|
| Price | $1.00 | $1.00 |
| Market cap | $9.59B | $4.62B |
| 24h volume | $718.18K | $2.79M |
| Liquidity | $83.72M | $73.15M |
| FDV | $6.61B | $4.62B |
| Holders | 17,247 | 707,548 |
| Age (days) | 748 | 1,526 |
| Safety grade | B | B |
Where they differ
- USDS measures ~2.1× the market cap of DAI
- DAI measures ~3.9× the 24h volume of USDS
- DAI measures ~41× the holder count of USDS
What the data says
USDS
USDS Stablecoin, known by the ticker USDS, is an asset on the Ethereum blockchain. Its contract address is 0xdc035d45d973e3ec169d2276ddab16f1e407384f. This snapshot of USDS Stablecoin was taken on September 26, 2026.
As of this snapshot, USDS Stablecoin has a market cap of $9.6 billion and a fully-diluted valuation of $6.6 billion, with a total supply of 6.6 billion tokens. It has a 24-hour trading volume of $718.2 thousand and tracked pool liquidity of $83.7 million. The token is 748 days old. NexFlow assigned a safety grade of B to USDS Stablecoin at this snapshot, noting that the pool depth for a token of this size is thin.
DAI
DAI answered a question the other stablecoins on this site don't ask: can a dollar exist on-chain without a company behind it? Since 2019, the contract at 0x6b175474e89094c44da98b954eedeac495271d0f has held near a dollar not because anyone promises redemption at a bank, but because every DAI is minted against locked crypto collateral worth more than it, with interest rates and liquidations — governed by MakerDAO, now rebranded Sky — doing the work a treasurer would. No single company can freeze your DAI or pause the contract; that censorship-resistance is the property its holders are actually paying for.
The honest complications have grown over the years. A large share of DAI's backing has long included centralized stablecoins and real-world assets, which reimports a slice of the issuer risk the design was born to escape — the March 2023 weekend when USDC's depeg dragged DAI to roughly $0.89 alongside it made that dependency visible. And the 2024 rebrand to Sky, with its upgrade path to the newer USDS token, means DAI is now the legacy branch of its own ecosystem: still enormous, still redeemable through the same machinery, but no longer where its creators' roadmap points. Neither fact is a defect; both belong in the price of holding it.
FAQ
Which is bigger, USDS or DAI?
By tracked market cap: USDS (Ethereum) measures $9.59B and DAI (Ethereum) measures $4.62B — dated snapshots, not a live feed.
Which is safer, USDS or DAI?
On the contract checks we publish: USDS (Ethereum) grades B and DAI (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDS and DAI performed over the shared window?
Between 2026-09-21 and 2026-09-26T18:07:24, the measured snapshots show USDS at +0.25% and DAI at +0.26%.
More comparisons
USDS vs USDCCBBTC vs USDSFWWBTC vs USDSETH vs USDSDAI vs PYUSDDAI vs BTCBDAI vs CBBTCUSDC vs DAI
The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-21→2026-09-26T18:07:24; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a NexFlow product.