Sky Authorizes Up to $2.5 Billion in USDS to Back New RWA Stablecoin Projects

Sky, the newly rebranded successor to MakerDAO, has approved a major expansion initiative that allocates up to $2. 5 billion in USDS to support crypto yield projects developed through Obex, a new Web3 incubator that launched with a $37 million fundraising round led by Framework Ventures, LayerZero, and Sky itself. The move marks one of the […] The post Sky Authorizes Up to $2 source: https://www.ethnews.com/sky-authorizes-up-to-2-5-billion-in-usds-to-back-new-rwa-stablecoin-projects/