TheStandard USD (USDS) news

Sky: The total supply of USDS and DAI has exceeded 10 billions USD

Sky Protocol Buyback: A Strategic $96M Surge to Fortify the SKY Token Ecosystem

Sky Protocol repurchased 29.3 million SKY last week, with total buybacks exceeding 96 million USDS.

Last week, the Sky Protocol used 1.9 million USDS to buy back 29.3 million SKY tokens.

Last week, the Sky Protocol utilized 1.9 million USDS to buy back 29.3 million SKY tokens.

Sky Protocol spent 1.9 million USDS last week to buy back 34.1 million SKY tokens.

The total market capitalization of stablecoins surpasses $306.7 billion, with USDT's market share exceeding 60%.

DOGE Is Gone: Trump and Musk’s Federal Overhaul Quietly Collapses 8 Months Early

The Department of Government Efficiency (DOGE) has been dissolved, according to the Office of Personnel Management (OPM), despite its mandate being scheduled to continue through July 2026. Despite the news, the meme coin associated with the Elon Musk and Vivek Ramaswamy-led initiative is up by double digits. Trump’s DOGE Project Is Over DOGE began by

Obex: "Stablecoin Incubation Camp" in the Sky Ecosystem

$37 million in funding + $2.5 billion in deployment rights: Can Obex become Sky’s growth engine?

Sky community approves $2.5 billion fund to support Obex-incubated crypto yield project

Cryptocurrency incubator Obex raises $37 million.

Crypto incubator Obex completes $37 million funding round

Sky authorizes up to $2.5 billion to back Obex-incubated crypto yield projects

Quick Take The Sky community voted to allocate up to $2.5 billion to projects incubated by the Framework-backed Obex initiative. Framework is co-leading the $37 million funding round into the Obex incubator with LayerZero and Sky Ecosystem.

"7 Siblings" bought 3,496 ETH yesterday at a price of $3,147.

Whale "7 Siblings" continues to buy during ETH decline, investing $7 million in a single day

ZEC surpasses USDS in market capitalization to become the 20th largest cryptocurrency by market cap

Sky community releases proposal to deprecate sUSDS and sDAI as SparkLend collateral

Sky Protocol buyback exceeds 80 million USDS, with 1.25 billion SKY tokens already repurchased

DeFi lender Spark deploys $100 million into Superstate fund to diversify revenue as US Treasury yields dip

Quick Take Spark is allocating $100 million of its stablecoin reserves into a Superstate fund that generates yield from a crypto cash-and-carry trade. The move comes as yields on U.S. Treasury bonds hit a six-month low.

Sky Protocol repurchased 11.25 million SKY last week

Sky proposes penalty for delays in converting MKR to SKY

BitGo Gunning for IPO after Massive Revenue Surge

Crypto custodian BitGo is heading to Wall Street after reporting a massive 4x revenue surge in early 2025.

Sky opens vote to penalize stragglers delaying MKR-to-SKY token conversion

Quick Take Sky (formerly MakerDAO) opened a governance vote to set a 1% “Delayed Upgrade Penalty” on MKR-to-SKY conversions. If approved, the fee begins Sept. 22, and it increases by one percentage point every three months, but upgrades before the deadline are exempt. The penalty is part of Sky’s Endgame overhaul to retire MKR and make SKY the sole governance token.

US Treasury Secretary: Stablecoins Will Expand Global Channels for Dollar Usage and Drive Surging Demand for US Treasuries

S&P Global Assigns “B-” Credit Rating to Sky Protocol

S&P Global gives Sky Protocol 'B-' credit rating, citing centralization and liquidity risks

Quick Take S&P Global gave USDS issuer Sky Protocol a “B-” credit rating, based on risks involved with high depositor concentration, centralized governance and others. The ratings agency said an upgrade in ratings is “highly unlikely” for Sky in the next 12 months.

A Whale Sells 270,000 UNI at an Average Price of $10, Earning $1.39 Million in Profit

Ethereum Surges in Q2: Record Staking, Stablecoin Boom, and $63 Billion TVL

Ethereum posted major gains in Q2 2025, outpacing Bitcoin as institutional interest and stablecoin adoption surged. With the GENIUS Act pending, ETH could be set for a significant rally.

Sky approves $1 billion allocation for Janus Henderson's onchain fund using fresh-out-of-stealth Grove infrastructure

Quick Take Grove is a non-custodial, decentralized protocol that streamlines capital flows between crypto and traditional finance platforms. Grove’s decentralized infrastructure will be incorporated into the Janus Henderson Anemoy AAA CLO Strategy, launched in collaboration with real-world asset lending protocol Centrifuge. The protocol is developed by Grove Labs, which is owned by the DeFi-focused financial advisory firm Steakhouse Financial.

70% of $1B Plasma deposits held by top 100 wallets, showing concentrated interest in XPL sale