Galaxy Integrates Sky Protocol’s sUSDS into Treasury and Collateral Framework
- Galaxy has added $100 million of Sky Protocol’s yield-bearing sUSDS to its corporate treasury.
- The firm approved sUSDS as collateral for its institutional trading business, which has an average loan book of about $1.4 billion.
- Galaxy also acquired an undisclosed amount of SKY, furthering its relationship with the Sky ecosystem.
- The integration allows clients to earn the Sky Savings Rate while using sUSDS as collateral for loans.
This move by Galaxy signifies a significant shift in how stablecoin-based finance is being integrated into institutional frameworks, allowing for yield-bearing assets like sUSDS to serve dual purposes as both investment and collateral.
By adding $100 million of sUSDS to its treasury and enabling it as collateral, Galaxy is bridging traditional finance models with onchain credit infrastructure, showcasing a practical application of decentralized finance in institutional settings.
