Sky (MakerDAO)'s new stablecoin, USDS, has exceeded $490 million in TVL just 5 days after launch, thanks to a 6% interest rate and various other incentives.
BitGo announced plans to introduce its stablecoin, USDS, marking a key move into the expanding stablecoin market. USDS stands out with its reward model for liquidity providers.
MakerDAO rebrands to Sky Protocol, launching USDS stablecoin and SKY governance token to scale DeFi and enhance accessibility in the decentralized finance space.