Sky, the DeFi lending protocol that was formerly known as Maker, has rolled out its USDS stablecoin on the Solana blockchain. According to the official announcement, Sky said the launch positions USDS as “the first major DeFi-native stablecoin on Solana,” offering new avenues for borrowing, lending, and trading on the blockchain’s leading DeFi platforms. The update on X revealed that USDS’s integration on Solana is powered by Wormhole’s Native Token Transfer, which ensures the stablecoin is natively multichain. As part of the launch, Sky is rewarding early adopters, including users and liquidity providers engaging with USDS across four key Solana DeFi platforms.
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