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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About USDS and SOMM
USDS is falling, while Sommelier is climbing this week. The current USDS to SOMM conversion rate is 2,216.30. Inversely, this means that if you convert 1 SOMM you will get 0.0004512 USDS. The conversion rate of USDS/SOMM has increased by 2.23% in the last hour (SOMM/USDS decreased by 2.23%). In the last 24 hours, USDS/SOMM shrunk by 4.04%, while SOMM/USDS grew by the same amount.
The exchange rate of USDS is decreasing. The current value of 1 USDS is 2,216.30 SOMM. In other words, to buy 5 USDS, it would cost you 11,081.52 SOMM. Inversely, 1 SOMM would allow you to trade for 0.0004512 USDS while 50 SOMM would convert to 0.02256 USDS, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 13.48%. Meanwhile, in the last 24 hours, the rate has changed by 4%, and that the highest exchange rate of 1 USDS to SOMM was 2,322.23 SOMM and the lowest 24 hour value was 1 USDS for 1,854.59 SOMM. Last month, 1 USDS was worth 3,284.21 SOMM. Today, it's down 48.18%. Looking back a year, USDS has changed by 791.73 SOMM. That means that in a single year, the value of USDS has grown by 64.28%.
USDS Market Stats
The USDS token is a decentralized, collateral-backed stablecoin native to the Sky Protocol (formerly MakerDAO). It is designed to maintain a value pegged to the US dollar and serves as the upgraded successor to DAI.
Sommelier Market Stats
Sommelier is a non-custodial, cross-chain platform for executing actively-managed DeFi investment strategies. Community members can create Cellars that execute on an investment strategy through smart contracts. Cellars are powered by Strategy Providers (SPs) who develop trading strategies and send the recommended actions to the Sommelier Validators to be executed on the Cellar with the intention of gaining yield. Cellars can be strategies like: A portfolio of BTC and ETH that is rebalanced based on price trends that machine learning algorithms identify An NFT trading strategy that leverages Twitter sentiment around particular collections A strategy that hedges liquidity provision on DEXes Sommelier employs a unique architecture consisting of the Sommelier Cosmos SDK blockchain, an off-chain execution environment that keeps strategies private while allowing them to leverage a wide variety of off-chain data modeling techniques, and one of the best performing ETH bridges. Strategy instructions are passed across this bridge to reposition assets in Cellars. This bridge is also being expanded to allow access to other chains (like Polygon, Avalanche, etc) so strategies are not tied to just high gas ETH markets. Sommelier aggregates and batches transactions, thereby reducing gas fees, providing an attractive alternative to Ethereum’s high transaction costs. As for security, Sommelier uses a decentralized governance mechanism run by validators, ensuring state-of-the-art safety of user funds. Validators pass strategy instructions across the bridge, but users’ assets are never moved across it, instead being deployed directly into Cellars. Further, Cellars are non-custodial, meaning that users can withdraw their assets at any time, while strategy providers never have ownership of those assets.
Conversion tables
USDS to SOMM values from Today at 12:56 pm
0.5 USDS = 1,108.15 SOMM |
1 USDS = 2,216.30 SOMM |
5 USDS = 11,081.52 SOMM |
10 USDS = 22,163.03 SOMM |
50 USDS = 110,815.17 SOMM |
100 USDS = 221,630.33 SOMM |
500 USDS = 1,108,151.66 SOMM |
1,000 USDS = 2,216,303.32 SOMM |
SOMM to USDS values from Today at 12:54 pm
0.5 SOMM = 0.0002256 USDS |
1 SOMM = 0.0004512 USDS |
5 SOMM = 0.002256 USDS |
10 SOMM = 0.004512 USDS |
50 SOMM = 0.02256 USDS |
100 SOMM = 0.04512 USDS |
500 SOMM = 0.2256 USDS |
1,000 SOMM = 0.4512 USDS |
USDS to SOMM over time
USDS | Today | 24H -4.00% | 1M -48.18% | 1Y 64.28% |
|---|---|---|---|---|
0.5 USDS | 1,108.15 SOMM | 1,152.46 SOMM | 1,642.10 SOMM | 395.86 SOMM |
1 USDS | 2,216.30 SOMM | 2,304.91 SOMM | 3,284.21 SOMM | 791.73 SOMM |
5 USDS | 11,081.52 SOMM | 11,524.57 SOMM | 16,421.05 SOMM | 3,958.65 SOMM |
10 USDS | 22,163.03 SOMM | 23,049.13 SOMM | 32,842.09 SOMM | 7,917.30 SOMM |
50 USDS | 110,815.17 SOMM | 115,245.66 SOMM | 164,210.47 SOMM | 39,586.49 SOMM |
100 USDS | 221,630.33 SOMM | 230,491.31 SOMM | 328,420.93 SOMM | 79,172.97 SOMM |
500 USDS | 1,108,151.66 SOMM | 1,152,456.56 SOMM | 1,642,104.66 SOMM | 395,864.86 SOMM |
1,000 USDS | 2,216,303.32 SOMM | 2,304,913.11 SOMM | 3,284,209.33 SOMM | 791,729.72 SOMM |
Frequently asked questions
Right now, 1 USDS is worth about $0.9999.
Based on the current rate, you could get 1.00 USDS for 1 USD.
USDS price has been declining. Since yesterday, the exchange rate of USDS has decreased. Since last month, the exchange rate of USDS has increased. Since this time last year, the price of USDS has increased.
You can use our USDS to USD calculator at the top of this page to convert any amount of USDS to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 5.00 USDS. Inversely, 5 USDS will cost about $5.00
USDS is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy USDS.
There are a number of crypto assets that have the a similar or comparable market cap to USDS, including Lido Staked ETH, Lido wstETH, and Wrapped Bitcoin. For a more robust list of assets to explore, jump to the asset page dedicated to USDS.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.