Sky, formerly known as Maker, has just launched its USDS stablecoin on the Solana blockchain. 🎉
- USDS is the first major DeFi stablecoin on Solana, opening up new opportunities for lending and trading on Solana’s leading DeFi platform.
- Sky plans to increase Solana’s DeFi liquidity and Total Value Locked (TVL). SkyLink will eventually strengthen cross-chain support for USDS.
- USDS’ integration on Solana is powered by Wormhole’s Native Token Transfer (NTT), making it multichain without wrapped tokens.
- Sky is rewarding early adopters on Solana’s DeFi platforms, including Kamino Finance and Drift Protocol.
Curious about the future of USDS on Solana? Let’s discuss in the comments!