Sky Dollar

24h change: +0.01%. From $0.9999 to $0.9999.

• Sky-backed incubator Obex is deploying $1 billion in USDS stablecoin across credit, energy, and AI assets through eight projects including Maple, Securitize, and Centrifuge. These capital allocators generate yield that flows back to the Sky protocol to support the Sky Savings Rate. The initiative aims to boost USDS adoption and scale its supply.
• Biotech firm NovaBay is pivoting to cryptocurrencies and rebranding with a focus on stablecoins. It holds 2.06 billion SKY tokens, about 8.78% of total supply valued at $147 million. The company acquired much of its position recently, leading to a 19% stock jump.