Sky Dollar

24h change: +0.01%. From $0.9996 to $0.9997.

• Sky proposes shifting treasury management to a four-step fixed allocation model from a conditional waterfall structure. Fixed allocations target security and maintenance, aggregate backstop capital, smart burn engine, and USDS staking rewards. The change aims for more predictable expenses following the end of the genesis capitalization phase and USDS growth to $11.6 billion as the third-largest stablecoin.

24h change: +0.01%. From $0.9997 to $0.9997.

• Sky launched native USDS and sUSDS on Avalanche via the Skylink bridge on April 13, using a burn-and-mint mechanism without liquidity pools. Transfer limits increase to full capacity on April 27, with direct conversions planned for Q2 2026. This boosts USDS utility in Avalanche's $756 million DeFi TVL ecosystem.
• Obex, backed by Sky's $2.5 billion mandate, begins allocating up to $1 billion USDS to eight projects in structured credit, AI hardware, solar energy, and real estate. Participants include Maple, Centrifuge, and Securitize, aiming to create Sky-aligned products. This diversifies USDS yield beyond crypto and supports Sky's $11.6 billion circulation.

24h change: +0.00%. From $0.9997 to $0.9998.

• Sky announced the first native deployment of its stablecoin USDS and yield-bearing sUSDS on Avalanche. Limits will increase to full capacity on April 27, with direct conversions expected in Q2. This expands USDS accessibility across chains via the SkyLink bridge.
• Sky governance proposes two structural upgrades to enhance capital protection, focusing on solvency and sustainable staking. These changes aim to strengthen the protocol's framework amid market uncertainties. Implementation supports long-term stability.
• Sky Frontier Foundation projects $611 million gross revenue for 2026, with USDS supply reaching $21 billion. This represents 81% YoY growth driven by ecosystem expansion. Projections highlight protocol's scaling potential.

24h change: -0.00%. From $0.9997 to $0.9997.

• Sky announced the first native deployment of its stablecoin USDS and yield-bearing sUSDS on Avalanche. Limits will increase to full capacity on April 27, with direct conversions expected in Q2. This expands USDS accessibility across chains via the SkyLink bridge.
• Sky governance proposes two structural upgrades to enhance capital protection, focusing on solvency and sustainable staking. These changes aim to strengthen the protocol's framework amid market uncertainties. Implementation supports long-term stability.
• Sky Frontier Foundation projects $611 million gross revenue for 2026, with USDS supply reaching $21 billion. This represents 81% YoY growth driven by ecosystem expansion. Projections highlight protocol's scaling potential.

24h change: +0.00%. From $0.9997 to $0.9998.

• Sky is launching native USDS and yield-bearing sUSDS on Avalanche via its Skylink bridge. Initial limits will expand to full capacity on April 27, with direct conversions expected in Q2. This marks Sky's first native deployment outside Ethereum, boosting accessibility and liquidity.
• Sky-backed Obex is investing $1 billion of USDS into real-world assets such as mortgages, AI hardware, and solar energy projects. This expands yield opportunities for USDS holders through diversified income streams. USDS circulation stands at about $11.6 billion, solidifying its position as the third-largest stablecoin.
• Sky's USDS has grown to the third-largest stablecoin by market cap, behind USDT and USDC. Recent investments highlight its adoption, including a Tether-backed firm's use of USDS alongside SKY token acquisitions. This positions USDS for further ecosystem expansion.