Aave Governance has approved removing Sky’s USDS stablecoin as collateral following a Snapshot vote that passed with 99.5% support. The proposal, submitted by governance delegate ACI, argues that USDS generates negligible revenue while its issuance...
TL;DR Obex raised $37 million to incubate real-world asset-backed stablecoins, in partnership with Framework Ventures, LayerZero, and Sky. The incubator offers a 12-week program providing capital, technical resources, and access to Sky’s...
TL;DR Compound Finance temporarily paused Ethereum lending markets after a liquidity crisis triggered by Elixir’s stablecoins. The move, recommended by Gauntlet, aimed to contain systemic contagion and affected borrowing and withdrawals in USDC,...
S&P Global Ratings has issued its first credit rating for a decentralized finance protocol, assigning Sky Protocol a B-minus with a stable outlook. The rating, published August 8, applies to the protocol’s stablecoin liabilities, including USDS and...
Coinbase's announcement of Sky (SKY) and USDS tokens on its listing roadmap led to a price spike for SKY and a significant rise in trading volume for both tokens. However, official trading is pending further technical and market-making support.
The...
SKY’s price has surged over 10% after the launch of USDS staking rewards, showing strong bullish momentum. With growing buying pressure and key indicators pointing to further gains, the altcoin is poised for a potential rally.
The post SKY Leads...
America’s powerful banking lobby is “panicking” over the potential of stablecoins to disrupt their traditional business model, particularly when it comes to yield-bearing stablecoins, according to Austin Campbell, a New York...
