Less than a day after the launch of the USDS issued by Sky (formerly known as MakerDAO), the amount of USDS in circulation on Solana has exceeded $89 million, making it the fastest growing stablecoin on Solana.
It is reported that USDS lenders on Save, Drift, and Kamino are seeking to earn more than 20% due to the increase in rewards offered by Sky. Sky is also encouraging traders to transfer funds to Solana through the token bridging service Wormhole, which further increases the circulating supply.
Stablecoin USDS has surpassed $89 million in less than 24 hours after its launch on Solana
2024-11-20 22:06:20
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