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Crypto

Galaxy Digital Allocates $100M to Yield-Bearing sUSDS

Guavy AI Editorial Team
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Galaxy Digital has made a significant move in the cryptocurrency market by allocating $100M to sUSDS, a yield-bearing stablecoin that offers returns on deposits through the Sky Protocol.

The partnership with Game_Set_Max aims to enhance liquidity and create new financial opportunities for clients, further driving institutional interest in cryptocurrencies.

sUSDS is an ERC-4626-compliant stablecoin that accrues a variable Sky Savings Rate of about 4.5% annually, making it attractive to both retail and institutional investors.

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