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Home›Crypto›Stablecoins›Galaxy adds $100 million in Sky’s sUSDS to its treasury

Galaxy adds $100 million in Sky’s sUSDS to its treasury

The firm also approved Sky’s token, SKY, as institutional loan collateral.

Reported · Written up by our desk · Stablecoins

Galaxy added $100 million in Sky’s sUSDS to its treasury, according to The Block.

The report says Galaxy also approved Sky’s savings token, SKY, to be used as collateral for institutional lending.

The Block frames the move as part of deepening lending ties between the firms.

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Sources

The BlockGalaxy adds $100 million in Sky’s sUSDS to treasury, buys SKY token as firms deepen lending ties

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