Galaxy Adds $100M in sUSDS and Approves It as Loan Collateral
The allocation gives the Galaxy-Sky partnership a balance-sheet footprint, but disclosed client borrowing will determine whether sUSDS gains traction beyond Galaxy's own treasury.
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The allocation gives the Galaxy-Sky partnership a balance-sheet footprint, but disclosed client borrowing will determine whether sUSDS gains traction beyond Galaxy's own treasury.
The headline is the run rate, but the more interesting beat is the fixed-yield layer sUSDS now sits in: a Pendle vault clearing $44M in TVL in its first month changes who can underwrite Sky's…