Galaxy Digital Allocates $100M to Yield-Bearing Stablecoin sUSDS
- —Galaxy Digital allocated $100M to Sky Protocol's sUSDS
- —sUSDS is ERC-4626 compliant and yields about 4.5% annually
- —The asset is USDS deposited into the Sky Protocol
- —The allocation targets institutional integration of yield-bearing stablecoins
Why it matters: A major institutional allocation to a yield-bearing stablecoin signals rising traditional-finance demand for DeFi yield.
Source: Coinfomania