Stablecoin USDS Has More Than $89 Million in Circulation in Less Than 24 Hours Online at Solana
USDS issued by Sky (formerly known as MakerDAO) has surpassed $89 million in circulation on Solana in less than a day after it went live, making it the fastest growing stablecoin on Solana. Lenders of USDS on Save, Drift, and Kamino are reportedly looking to earn more than 20% as a result of the increased incentives offered by Sky, which is also encouraging traders to transfer funds to Solana through the token bridging service Wormhole, which is further increasing the supply in circulation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A wallet address sold 1.44 million TRX via SunSwap in exchange for 460,000 USDT.
Data: Whales have cumulatively withdrawn approximately 13.4 million USDT from a certain exchange.
Ripple Joins BlackRock, Standard Chartered in New Tokenization Report
Who is Satoshi Nakamoto? New Grok AI Study Tests Multiple Theories
Crypto prices
More
