Galaxy Digital has added $100 million of Sky Protocol’s sUSDS to its corporate treasury and approved it as collateral across its institutional trading business, Sky said. The collateral decision lets clients pledge sUSDS for a Galaxy loan while continuing to accrue the Sky Savings Rate on the full... Read the full story at The Defiant
Policy
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.
