Galaxy Digital Allocates $100 Million to Sky's sUSDS Stablecoin

Galaxy Digital, led by Mike Novogratz, has invested $100 million of its corporate treasury into sUSDS, the yield-bearing version of the USDS stablecoin issued by Sky (formerly MakerDAO). Announced on September 23, 2026, the move allows institutional clients to use sUSDS as collateral for loans while continuing to earn the Sky Savings Rate. This integration marks a significant DeFi adoption for a Nasdaq-listed firm, with Galaxy accepting the token across its $1.4 billion institutional lending business.