HostUSDS vs USDM — price, size and safety, side by side
USDS (Ethereum) vs USDM (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-10-16 / 2026-10-17.
USDS vs USDM — normalized performance, 2026-09-21 to 2026-10-16T21:15:32
| USDS | USDM | |
|---|---|---|
| Price | $1.00 | $0.9928 |
| Market cap | $10.13B | $6.50B |
| 24h volume | $951.99K DEX | $7.97M DEX |
| Liquidity | $89.39M | $57.34M |
| FDV | $7.02B | $6.50B |
| Holders | 17,461 | 175 |
| Age (days) | 763 | 1,021 |
| Safety grade | B | B |
Where they differ
- USDS measures ~1.6× the market cap of USDM
- USDS measures ~1.6× the liquidity of USDM
- USDM measures ~8.4× the 24h volume of USDS
- USDS measures ~100× the holder count of USDM
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 October 6, 2026.
As of this snapshot, USDS Stablecoin has a market cap of $10.1 billion and a fully-diluted valuation of $7.0 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 $89.4 million. The token is 748 days old. HostDeFi 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.
USDM
USDM is Mountain Protocol's yield-bearing dollar — a regulated, rebasing stablecoin that pays T-bill yield to holders by growing their balance rather than requiring a stake contract. The deployment 0xbbaec992fc2d637151daf40451f160bf85f3c8c1 is the Ethereum mint; our October 6, 2026 snapshot reads $57 million of tracked pool liquidity.
The honest mechanics: rebasing means balance and "value" move together — a wallet holding USDM sees the unit count tick up daily as yield accrues, which is elegant until accounting or a DeFi pool assumes a static balance. Regulated in Bermuda, permissioned to hold — both the feature set and the limitation come from the same compliance posture.
FAQ
Which is bigger, USDS or USDM?
By tracked market cap: USDS (Ethereum) measures $10.13B and USDM (Ethereum) measures $6.50B — dated snapshots, not a live feed.
Which is safer, USDS or USDM?
On the contract checks we publish: USDS (Ethereum) grades B and USDM (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDS and USDM performed over the shared window?
Between 2026-09-21 and 2026-10-16T21:15:32, the measured snapshots show USDS at +0.34% and USDM at −0.40%.
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→2026-10-16T21:15:32; 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 HostDeFi product.