Sky, the DeFi lending protocol previously known as Maker, has launched its USDS stablecoin on the Solana blockchain. This marks a significant milestone as USDS becomes the first major DeFi-native stablecoin on Solana, opening new opportunities for borrowing, lending, and trading on the platform's leading DeFi networks.

The integration, powered by Wormhole's Native Token Transfer, ensures USDS is natively multichain, available on both Solana and Ethereum without wrapped tokens. Sky's strategic move aims to boost Solana's DeFi liquidity and total value locked, aligning with its high-performance ecosystem.