Galaxy Digital, a digital assets investment firm, has significantly bolstered its financial ties with Sky, a decentralized finance (DeFi) platform. The company has added $100 million in Sky's sUSDS, a type of decentralized stablecoin, to its treasury. This strategic move underscores the deepening relationship between Galaxy and Sky, with the latter's savings token now approved as institutional loan collateral.
Source
"Galaxy Adds $100M in Sky's sUSDS to Treasury, Strengthens Lending Ties" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.
