USDS USDS

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USDS performs well thanks to team governance and roadmap delivery, with economic models remaining the main focus and currently holding an E+ rating.

Rating updated 2026-07-29
E+18.4 / 100

Sector Rank #974 · Global Rank #1784

Roadmap Delivery37.5F
Technical Implementation----
Tokenomics0F
Team Governance54.8E
Market Ecosystem25.57F
Security & Compliance0F
01

Overall Rating

E+ · 18.4 / 100
Roadmap Delivery
37.5
Tokenomics
0
Team Governance
54.8
Market Ecosystem
25.57
Security & Compliance
0
Overall Score
18.4

USDS overall rating E+ (total 18.4), ranking high in team governance, roadmap delivery, and market ecosystem across six dimensions. The main point of deduction is the economic model (0 points) — mainly affected by chip concentration (0 points) and short- to medium-term selling pressure (0 points).

Rating Team Conclusion: "USDS has relative advantages in team governance, roadmap delivery, and market ecosystem, but its current weaknesses are concentrated in its economic model." " It is recommended to observe cautiously and not use it as a core configuration basis for now.

02

Six-Dimension Rating Breakdown

Roadmap Delivery

37.5/100

Roadmap On Time Delivery Rate?Lack of public roadmap and delivery records.Weight 35%Insufficient data · 37.5 / 100

Last 4 upgrades achieved?There is a lack of public records of recent upgrade deliveries.Weight 30%Insufficient data · 37.5 / 100

Milestones to Deliver?No public pending delivery milestones were found.Weight 20%No public milestones · 37.5 / 100

History Extension Record?Lack of public information on historical deferral records.Weight 15%Insufficient data · 37.5 / 100

Technical Implementation

36.5/100

Consensus Mechanism?As a stablecoin, USDS does not have an independent consensus mechanism.Weight 30%Relying on underlying chain consensus · 60 / 100

Main network years of operation?The mainnet has relatively short operating times.Weight 15%About 1.8 years · 50 / 100

Recent upgrades?Lack of detailed information and quality assessment of recent upgrades.Weight 35%Insufficient data · 20 / 100

Client Diversity?Stablecoin projects typically do not involve client diversity.Weight 20%Not applicable · 20 / 100

Tokenomics

0/100

Deflationary Mechanism?There is a lack of clear or effective deflationary mechanisms.Weight 30%Mechanisms are missing or ineffective · 0 / 100

Inflation rate?Lack of inflation rate data, supply is affected by collateral.Weight 25%Insufficient data · 0 / 100

Staking rate/position lock-up rate?The proportion of staking or lock-up is extremely low, resulting in concentrated liquidity.Weight 25%Very Low · 0 / 100

Supply Upper Limit?The supply is determined by collateral and has no fixed upper limit.Weight 20%No rigid upper limit · 0 / 100

Team Governance

54.8/100

Core Development Team?The core team's background and experience lack highlights.Weight 30%General background · 30 / 100

Governance mechanisms?The governance mechanism is highly transparent and relatively authentic.Weight 25%Good · 91.6 / 100

Financial Transparency?Transparency in fund usage and proposal voting is high.Weight 25%Good · 91.6 / 100

Concentration of key people?Token holdings are highly concentrated, posing risks of centralization.Weight 20%Extremely high · 0 / 100

Market Ecosystem

26.61/100

Active Address?The number of active addresses is relatively low.Weight 30%Somewhat less · 30.35 / 100

Ecological chain/L2 quantity?It has been deployed on multiple mainstream chains and has strong cross-chain capabilities.Weight 25%4 · 40 / 100

DeFi TVL?As a stablecoin, its market capitalization is its TVL, and its scale is quite large.Weight 25%Approximately 10.95 billion USD · 30 / 100

Developer community?Developer community activity is extremely low.Weight 20%Inactive · 0 / 100

Security & Compliance

0/100

Historical Major Failure?The contract carries risks of backdoor code and permission leakage.Weight 25%Backdoor code exists · 0 / 100

Regulatory Attitude?Stablecoins face strict regulatory scrutiny, and project compliance is in doubt.Weight 30%Somewhat cautious · 0 / 100

Sec Attitude?The SEC is tightening its regulatory stance on stablecoins.Weight 30%Somewhat cautious · 0 / 100

Client Bug Frequency?Despite audits, serious safety red lines exist.Weight 15%Audit coverage is good · 0 / 100

04

E+ Peer Comparison

Export CSV
USDSE+ · 18.4Main Street USDE+ · 19.99SubQuery NetworkE+ · 19.98GoGoPoolE+ · 19.98
Overall Score18.419.9919.9819.98
Roadmap Delivery37.537.53037.5
Technical Implementation--------
Tokenomics001.5628
Team Governance54.83052.868.32
Market Ecosystem25.5745.9536.531.02
Security & Compliance0000

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