HeraldLoop
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3 sourcesTracking since 22h ago

Galaxy adds $100 million in sUSDS and approves it as loan collateral

In brief

Galaxy added $100 million worth of Sky’s sUSDS savings token to its treasury and approved it as collateral for institutional loans. Clients can pledge sUSDS while continuing to earn Sky’s 3.6% savings rate. No volume of sUSDS-backed client loans was disclosed.

Summary written by HeraldLoop from 3 sources · updated 5h ago

What changed

  1. 22h agoGalaxy adds $100 million in Sky’s sUSDS to treasury, buys SKY token as firms deepen lending ties · The Block
  2. 5h agoGalaxy adds $100M Sky token and institutional adoption is tested · CryptoSlate
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Chronological coverage

  1. Today
  2. Latest5h ago

    Galaxy adds $100M Sky token and institutional adoption is tested

    Clients can pledge the savings token, though the companies disclosed no sUSDS-backed client loan volume.

    CryptoSlateCryptoSlate•Liam 'Akiba' Wright
  3. Yesterday
  4. Follow-up20h ago

    Galaxy Adds $100 Million of sUSDS to Treasury, Approves It as Loan Collateral

    Clients can keep earning Sky’s 3.6% savings rate while pledging sUSDS to Galaxy, whose institutional lending business carries a $1.4 billion average loan book.

    The DefiantThe Defiant•The Defiant Team
  5. First seen22h ago

    Galaxy adds $100 million in Sky’s sUSDS to treasury, buys SKY token as firms deepen lending ties

    Galaxy added $100 million in sUSDS to its treasury and approved the Sky savings token as institutional loan collateral.

    The BlockThe Block•James Hunt