Sky Protocol's USDS stablecoin supply reached $10.04 billion by June 30, 2026, nearly doubling from the previous year due to expanded use and institutional strategy deployments. The protocol, linked to MakerDAO, allows users to create USDS or convert DAI, with over $5.5 billion deployed through partners like Janus Henderson, BlackRock, and PayPal. Yield-bearing sUSDS holders earned over $250 million in yield, while protocol revenue hit $419 million annually. This growth reflects migration from DAI and increased capital deployment, positioning USDS as a key stablecoin in the digital asset ecosystem with ongoing institutional interest.
Sky Protocol's USDS stablecoin supply reached $10.04 billion as of June 30, 2026. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 30, 2026 17:21 WIB: out of 50 major cryptocurrencies priced on Pluang, 20 rose and 29 fell today. Notable movers include AAVE at Rp2.883.678 with a 1-day change of -3.69% and Pluang order activity of 97% Sell / 3% Buy, SAND at Rp810 with a 1-day change of +3.39% and order activity of 40% Sell / 60% Buy, and ATOM at Rp30.936 with a 1-day change of -3.29% and order activity of 15% Sell / 85% Buy.
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