Obex Allocates $1 Billion in USDS to Diverse Real-World Projects

Obex has initiated the deployment of up to $1 billion in USDS into its inaugural cohort of eight projects, focusing on sectors like mortgages, AI hardware, and solar energy. According to NS3.AI, this cohort encompasses areas such as structured credit, fintech lending, energy finance, AI infrastructure, tokenization, crypto capital markets, and real estate. Additionally, the Sky community has voted to allocate up to $2.5 billion of USDS to projects approved by the incubator.