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Galaxy adds $100 million of sUSDS to Treasury and approves it as collateral
The move lets clients pledge sUSDS to Galaxy while continuing to earn Sky’s 3.6% savings rate.
Galaxy has added $100 million worth of sUSDS to its Treasury and approved the token as loan collateral, according to The Defiant.
The Defiant reports that the change allows clients to keep earning Sky’s 3.6% savings rate while pledging sUSDS to Galaxy.
Galaxy’s institutional lending business has an average loan book of $1.4 billion, The Defiant added.
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