<ul><li>Sky, a decentralized finance (DeFi) lending and borrowing protocol formerly known as Maker, has launched its USDS stablecoin on the Solana blockchain.</li><li>The implementation of USDS on Solana is made possible through Wormhole’s Native Token Transfer, allowing the stablecoin to operate as a natively multichain asset on both Solana and Ethereum.</li><li>Solana's rapid processing speed, low transaction fees, and potential for large-scale adoption have attracted stablecoin issuers like Sky and PayPal’s PYUSD.</li><li>Sky plans to introduce its SkyLink cross-chain bridge for USDS and sUSDS, pending governance approval, and is offering rewards to early adopters and liquidity providers on various DeFi protocols.</li></ul>

Sky Protocol Launches USDS Stablecoin on Solana, Boosting DeFi Ecosystem

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