Comparing the 24-hour increase of $275 million with the near-7-day increase of $390 million, most of the new supply of Sky Dollar ($USDS ) has been added in the past day. According to DefiLlama data, the current circulating supply is $7.097 billion, while the total market supply of dollar-pegged stablecoins is about $312.661 billion. The current price is 1.0008, with a 24-hour change of 0%. The price remains close to $1, and short-term price movements alone do not indicate a direction. Stablecoin issuance is often viewed as one signal of capital entering from outside exchanges, but a one-day expansion in supply alone cannot show how that capital will subsequently be used.
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