Obex Deploys $1B for Sky's Stablecoin Yields
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Obex, an incubator backed by Framework Ventures, has launched a $1 billion initiative to connect Skys USDS stablecoin with real-world asset yields, such as AI data centers, housing, and energy projects. This move aims to provide more stable returns outside traditional crypto markets. The first phase involves partners like Maple, USD.ai, Daylight, Centrifuge, Securitize, River, TVL Capital, and Better, who will tokenize loans, housing finance, energy, and AI infrastructure to integrate them into blockchain markets and increase USDS adoption. Sky, a major player in decentralized finance lending, aims to grow its USDS supply to $20 billion next year by leveraging these new yield sources. Obex received approval to invest up to $2.5 billion of Skys reserves into real-world assets, reflecting a broader trend towards tokenization. The tokenized real-world assets market has surged to $26 billion over the past year, attracting investors seeking more reliable income streams.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/89a6253c32c37352