Sky, formerly Maker, has launched its USDS stablecoin on Solana, aiming to boost the blockchain's DeFi ecosystem. Announced on Nov. 19, USDS is touted as Solana's first major DeFi-native stablecoin, facilitating new lending, borrowing, and trading opportunities. Sky plans to enhance Solana's DeFi liquidity and total value locked, with future developments like the SkyLink crosschain bridge pending governance approval. To encourage adoption, Sky offers rewards for early adopters and liquidity providers. Despite the rebrand, Sky faces challenges with its governance token, SKY, not yet exchange-listed.