SKY/USDT market overview
Sky price today
The price of Sky is 0.06657 USDT as of Nov 2, 2026, 13:11 UTC. SKY is down 2.36% in the last 24 hours, trading between 0.06607 USDT and 0.06945 USDT, with 159.93K USDT in 24-hour trading volume. Over the past 7 days, Sky has fallen 1.63% against USDT.
Today
- Last price
- 0.06657 USDT
- 24h high
- 0.06945 USDT
- 24h low
- 0.06607 USDT
- 24h volume (SKY)
- 2.37M SKY
- 24h volume (USDT)
- 159.93K USDT
Performance
- 24h change
- -2.36%
- 7-day change
- -1.63%
- 30-day change
- -26.59%
- 90-day change
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- 1-year change
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How to buy and sell SKY with USDT on OTCN
Easy trade converts one asset into another at the rate shown in the trade card above. To buy Sky, select Buy, enter the amount of USDT you want to spend and check how much SKY you will receive. To sell, switch to Sell and enter the amount of SKY you want to convert back to USDT.
The rate moves with the market, so always review the amount you will receive before you confirm. If you want to set your own price with limit orders, use the SKY/USDT spot market instead. Fees for every product are listed on the Fees page.
What is Sky (SKY)?
The Sky Protocol, previously called MakerDAO, is a decentralized finance system that issues two stablecoins, USDS and DAI. SKY is the token used to govern it. The token went live on Ethereum in September 2024 as an upgrade of MKR, the protocol's earlier governance token, with a ratio of 24,000 SKY for each MKR. Since May 2025, SKY has been the protocol's sole governance token, and conversion between the two has worked in one direction only, MKR into SKY.
Decisions about the protocol and its parameters are made by SKY holders, who vote themselves or hand their votes to delegates. Through the Staking Engine, a holder can lock SKY to receive rewards, pass the locked tokens' voting power to a delegate and borrow USDS against them. SKY has no fixed supply. Governance sets the schedule for new SKY paid out as staking rewards, and the protocol has also spent USDS buying SKY back on the open market, so the amount in circulation does not stay constant.
What is Tether (USDT)?
Tether (USDT) is a stablecoin designed to hold a value of 1 US dollar. It launched in 2014 and is issued on several blockchains, including Ethereum and Tron. Because its price is meant to stay close to 1 USD, traders use USDT to price other crypto assets and to keep a dollar-denominated balance without leaving the crypto market.
Why trade Sky against USDT?
The SKY/USDT pair puts a dollar figure on the Sky Protocol's governance token. A holder can step out of SKY into USDT, which is designed to hold a value close to one US dollar, and reverse the trade later, for instance after a governance vote on staking reward schedules or USDS buybacks, or when conditions across decentralized finance shift. The crypto market has no closing bell, so the pair can be converted at any hour of any day.
Cryptocurrency prices are highly volatile and you can lose some or all of the money you convert. The information on this page is general market information, not investment advice, and past price movements are not a reliable indicator of future results. Read our
Risk Disclosure before you trade.
