Galaxy bought $100M of sUSDS and approved it as collateral across our institutional lending book. It's the latest step in a deepening relationship with @SkyEcosystem — from Grove's $500M warehouse facility to Spark-backed financing for GOFR.

Grove Basin JTRSY now holds $50M in stablecoin liquidity. Larger redemptions can now clear in a single transaction. Available to JTRSY holders on @centrifuge. Basin is filling. Tap in.

Who says you need to stake to earn? Activate Hold to Earn for U, USDS, and USDe in your #Binance Keyless Wallet and earn automatically. @ethena @sparkfinance @SkyEcosystem @UTechStables A HOLD new way TO EARN is here. Up to 4.75% APR 👉 binance.com/en/support/annou…

Stablecoins are the forcing function. Liquidity attracts liquidity. @hexonaut, CEO and Co-Founder of @sparkfinance, on why a large stablecoin base doesn't stay a stablecoin base; it drives tokenization of equities, commodities, and the rest, once everyone's settling on the same global ledger.

On tomorrow's episode of the Vibestream: Anchorage Digital and @sparkfinance are working together so institutions can borrow through Spark's lending book while collateral stays in qualified custody. Dive into the new blueprint for institutional DeFi with Sam MacPherson (@hexonaut), Co-Founder and CEO at @sparkfinance, Anchorage Digital's Head of Atlas @maceyaj, and Global Head of Revenue Justin Brill.

Galaxy Adds $100 Million in sUSDS to Corporate Treasury and Acquires SKY Galaxy Digital has purchased $100 million of Sky Protocol’s yield-bearing stablecoin sUSDS using its own balance sheet and approved it as collateral across its institutional trading business, which has a $1.4 billion average loan book and serves more than 1,600 counterparties. Clients can continue earning the Sky Savings Rate on their full sUSDS positions while using them as loan collateral. Galaxy also acquired an undisclosed amount of SKY, while the two firms are discussing an expansion of their existing $500 million warehouse facility.

Tokenization is going to "consume the entire financial industry eventually." @hexonaut, CEO of @sparkfinance, tells @RemyBlaireNews tokenized equity is the next step after stablecoins, with $HOOD and $COIN already launching it onchain, opening new lending and financing opportunities.

SparkLend's borrowing on Ethereum has grown 247% since March, approaching $3B. USDS led the growth. USDS borrowing rose from $188M to $917M, accounting for nearly half the $1.5B increase in total borrowing. Competitive borrowing rates are helping drive that demand. Over the last 30 days, USDS borrowing averaged 3.9%, while USDT averaged 4.07% and USDC 4.3%, all below comparable rates across other major pooled lending markets. USDS also gives borrowers another advantage: through @SkyEcosystem's LitePSM, borrowed USDS can be converted into USDC while the debt remains denominated in USDS. We've seen it used to refinance across lending markets already. In one transaction, a borrower drew approximately $1M USDS from SparkLend, converted it into USDC and used it to repay debt elsewhere, moving the WBTC collateral to SparkLend. Collateral supply has grown alongside borrowing. Supplied WETH increased 18.6% and cbBTC 44.7% over the last 30 days, with asset repricing accounting for only around 10% of the $550M increase. SparkLend is lending at greater scale against a larger collateral base than other major lending protocols, and probably has the best rates in the market. SparkLend rates: app.spark.finance/markets

Update: PYUSD/USDS pool activity on The Spark Stablecoin FX Layer has surpassed $4B! The pool runs on @Uniswap v4 deploying liquidity on demand at scale. Spark coordinates that depth through the FX Layer's shared liquidity network, keeping capital productive between swaps.

With 10-year yields reaching 5%, I've been hearing some funny comparisons with on-chain yield products. "Why should I go into product XYZ if I can get 5% risk-free?" Well yes you will earn 5% risk-free in USD, but let me know how valuable that USD is in 10 years.