Seen on Odaily: Nasdaq-listed Galaxy Digital has put $100 million worth of Sky Protocol’s earning savings token sUSDS into its corporate treasury, and also added it to the list of institutional business collateral for more than 1,600 counterparties. It also bought an undisclosed amount of $SKY .
When customers use sUSDS as loan collateral, the token can continue to earn the Sky Savings Rate throughout the life of the loan. Galaxy’s institutional lending side has an average loan size of about $1.4 billion; Sky ecosystem Prime Agent Grove had previously extended it a $500 million warehouse lending facility.
By listing, the crypto company is treating an interest-bearing stablecoin as treasury assets plus institutional collateral—another step in embedding RWA/stablecoins into the balance sheet.
$SKY #稳定币 #institutions
When customers use sUSDS as loan collateral, the token can continue to earn the Sky Savings Rate throughout the life of the loan. Galaxy’s institutional lending side has an average loan size of about $1.4 billion; Sky ecosystem Prime Agent Grove had previously extended it a $500 million warehouse lending facility.
By listing, the crypto company is treating an interest-bearing stablecoin as treasury assets plus institutional collateral—another step in embedding RWA/stablecoins into the balance sheet.
$SKY #稳定币 #institutions
