Galaxy Digital puts $100M into sUSDS and accepts it as trading collateral
- —Galaxy deployed $100M of its own funds into Sky's sUSDS
- —sUSDS approved as collateral for Galaxy's institutional lending desk
- —That lending business averages roughly $1.4B in loans
- —Galaxy also purchased SKY tokens; size undisclosed
Why it matters: A major institution treating Sky's stablecoin as treasury and collateral material broadens institutional demand for sUSDS.
Source: PANews