๐จGalaxy Digital Adds $100M in sUSDS to Treasury, Accepts Stablecoin as Institutional Collateral $TAKE
Galaxy Digital has purchased $100 million worth of sUSDS โ the yield-generating stablecoin from Sky Protocol (formerly MakerDAO) โ using its own balance sheet, and will now accept it as collateral for institutional lending and trading. Clients can pledge sUSDS while still earning the Sky Savings Rate (~3.6% APY). The move builds on Galaxy's institutional platform, which serves over 1,600 counterparties with an average loan book of ~$1.4 billion. Galaxy also bought an undisclosed amount of SKY tokens, signaling a broader integration with the Sky ecosystem.
Galaxy Digital has purchased $100 million worth of sUSDS โ the yield-generating stablecoin from Sky Protocol (formerly MakerDAO) โ using its own balance sheet, and will now accept it as collateral for institutional lending and trading. Clients can pledge sUSDS while still earning the Sky Savings Rate (~3.6% APY). The move builds on Galaxy's institutional platform, which serves over 1,600 counterparties with an average loan book of ~$1.4 billion. Galaxy also bought an undisclosed amount of SKY tokens, signaling a broader integration with the Sky ecosystem.
