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Galaxy Digital adds $100M sUSDS from Sky Protocol to its treasury and purchases SKY tokens to deepen lending collaboration.
Galaxy Digital has integrated Sky Protocol's $100 million sUSDS stablecoin into its corporate treasury and approved the yield-bearing stablecoin as collateral for its institutional trading business. The company also acquired an undisclosed amount of SKY tokens. This move is part of a deepening lending relationship between the two companies, with Galaxy completing the sUSDS purchase through its own balance sheet. Sky Protocol's sUSDS supply reached $5.52 billion at the end of Q2, a 149% year-over-year increase.
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