Sky Dollar

24h change: +0.02%. From $0.9997 to $0.9998.

• Sky Dollar USDS has grown to over $11 billion in market cap, overtaking Ethena's USDe and securing third place after USDT and USDC. The stablecoin market reached an all-time high of $317 billion amid broader adoption. Projections indicate USDS supply could hit $20 billion by end of 2026.
• Sky-backed incubator Obex is investing $1 billion USDS across credit, energy, AI, and other real-world assets to generate yield for sUSDS holders. This expands yield sources beyond traditional strategies, with eight new allocators joining. sUSDS supply exceeds $6.5 billion as the largest yield-bearing stablecoin.
• Sky reduced SKY token buybacks by 87 percent to bolster USDS reserves and solvency amid market risks. The protocol plans upgrades to improve its B- credit rating from S&P. These measures support long-term stability and capital protection for USDS holders.

24h change: -0.00%. From $0.9999 to $0.9998.

• A governance proposal cut staking emissions while expanding USDS credit infrastructure. This led to a nearly 10% rise in Sky's SKY token. The changes aim to tighten supply and boost protocol growth.
• Sky authorized up to $2.5 billion in USDS for Obex-incubated yield projects. Obex began deploying $1B into mortgages, AI hardware, and solar energy with eight projects. This initiative seeks to create yield opportunities using USDS.

24h change: +0.02%. From $0.9998 to $1.00.

• Sky Protocol launched the Sky Agent Network on April 2, introducing a framework where independent capital allocators borrow USDS to deploy in governance-approved strategies. This aims to generate competitive yields for USDS holders beyond traditional crypto lending. The network already manages significant allocations, enhancing stablecoin utility.
• Obex, backed by Sky and Framework Ventures, began deploying $1 billion in USDS into real-world assets including mortgages, AI hardware, and solar energy projects. This marks the first class of eight capital allocators in the Sky ecosystem. The move expands yield opportunities for USDS by connecting it to institutional-grade investments.
• Sky governance voted to slash its daily SKY buyback program by 87% to increase reserves of its USDS stablecoin. The change redirects funds amid global uncertainties like ongoing conflicts. This precautionary measure aims to strengthen the protocol's stability and liquidity.

24h change: -0.01%. From $0.9999 to $0.9998.

• Sky-backed incubator Obex starts deploying up to $1 billion USDS borrowed from Sky Protocol through eight capital allocators in the new Sky Agent Network. Targets include mortgages, AI hardware, and solar energy. This expands USDS applications into diversified real-world investments.
• DeFi lender Sky intends to improve its B- credit rating to borrow more and support USDS growth. Strategies include more real-world asset collateral for vaults where users deposit crypto to mint USDS. Higher rating could enhance protocol stability and capacity.
• Binance has finished swapping DAI for USDS across its platform. This aligns with Sky protocol's stablecoin upgrade from DAI. The change facilitates smoother integration and adoption of USDS on major exchanges.

24h change: -0.00%. From $0.9999 to $0.9999.

• Sky Protocol proposes two upgrades to enhance capital protection and protocol resilience. It highlights sUSDS as the world's largest yield-generating stablecoin due to diversified risk strategies. These changes support ongoing ecosystem growth and adoption.
• Sky Protocol launched the Agent Network where capital allocators borrow USDS for diversified investments. Recent additions include eight new institutional allocators via Obex. This drives yield for sUSDS holders through broader capital deployment.