Galaxy Adds $100 Million in sUSDS to Corporate Treasury and Acquires SKY

Galaxy Digital has purchased $100 million of Sky Protocol’s yield-bearing stablecoin sUSDS using its own balance sheet and approved it as collateral across its institutional trading business, which has a $1.4 billion average loan book and serves more than 1,600 counterparties.

Clients can continue earning the Sky Savings Rate on their full sUSDS positions while using them as loan collateral. Galaxy also acquired an undisclosed amount of SKY, while the two firms are discussing an expansion of their existing $500 million warehouse facility. — link

🌐 From @wublockchainenglish