Breaking news: Sky Protocol’s USDS stablecoin is now live on Solana — bringing crypto’s third largest stablecoin to Solana’s growing DeFi ecosystem, powered by Wormhole 🧵
Sky (formerly MakerDAO) now issues their USDS stablecoin on Solana as an SPL token. USDS was previously issued as DAI. Over $4.7 billion USDS and DAI have already been issued across other blockchains as of Nov. 15th, according to @artemis_xyz. USDS joins USDt (@Tether_to), USDC
On day one, USDS will have strong support throughout the Solana ecosystem, including from @JupiterExchange, @MeteoraAG, @orca_so, @DriftProtocol, @KaminoFinance, @jito_sol, @Phantom, @solflare_wallet, @save_finance, @ChronicleLabs, and @PythNetwork.
USDS can be transferred from the EVM ecosystem to Solana via Portal — powered by the @Wormhole NTT framework. Learn more here about how you can get started with USDS on Solana:
The $5B Sky Protocol flagship stablecoin, $USDS, is now live on @solana — powered by Wormhole NTT.
— Wormhole (@wormhole) November 19, 2024
This landmark integration enables native $USDS transfers between Ethereum and Solana, maintaining unified liquidity across chains.
The DeFi renaissance is real. pic.twitter.com/XejUwQt6ot