Galaxy Adds $100M Of Sky’s sUSDS To Corporate Treasury

Galaxy Partners with Sky Ecosystem, Adding $100M in sUSDS

Sky Ecosystem partners with Galaxy to enhance access to sUSDS, adding $100M to Galaxy's balance sheet. Here's why it matters.

Galaxy Adds $100M Of Sky’s sUSDS To Corporate Treasury

TL;DR Galaxy has added $100 million of Sky Protocol’s sUSDS to its own corporate treasury. The firm has also approved sUSDS as collateral across an institutional trading business carrying an average loan book of about $1.4 billion. Galaxy additionally bought an undisclosed amount of SKY, deepening an existing lending relationship with the Sky ecosystem. Galaxy is putting a meaningful chunk of its own balance sheet into onchain credit infrastruct…