SpiceUSD (USDS) news

Sky proposes penalty for delays in converting MKR to SKY

BitGo Gunning for IPO after Massive Revenue Surge

Crypto custodian BitGo is heading to Wall Street after reporting a massive 4x revenue surge in early 2025.

Sky opens vote to penalize stragglers delaying MKR-to-SKY token conversion

Quick Take Sky (formerly MakerDAO) opened a governance vote to set a 1% “Delayed Upgrade Penalty” on MKR-to-SKY conversions. If approved, the fee begins Sept. 22, and it increases by one percentage point every three months, but upgrades before the deadline are exempt. The penalty is part of Sky’s Endgame overhaul to retire MKR and make SKY the sole governance token.

US Treasury Secretary: Stablecoins Will Expand Global Channels for Dollar Usage and Drive Surging Demand for US Treasuries

S&P Global Assigns “B-” Credit Rating to Sky Protocol

S&P Global gives Sky Protocol 'B-' credit rating, citing centralization and liquidity risks

Quick Take S&P Global gave USDS issuer Sky Protocol a “B-” credit rating, based on risks involved with high depositor concentration, centralized governance and others. The ratings agency said an upgrade in ratings is “highly unlikely” for Sky in the next 12 months.

A Whale Sells 270,000 UNI at an Average Price of $10, Earning $1.39 Million in Profit

Ethereum Surges in Q2: Record Staking, Stablecoin Boom, and $63 Billion TVL

Ethereum posted major gains in Q2 2025, outpacing Bitcoin as institutional interest and stablecoin adoption surged. With the GENIUS Act pending, ETH could be set for a significant rally.

Sky approves $1 billion allocation for Janus Henderson's onchain fund using fresh-out-of-stealth Grove infrastructure

Quick Take Grove is a non-custodial, decentralized protocol that streamlines capital flows between crypto and traditional finance platforms. Grove’s decentralized infrastructure will be incorporated into the Janus Henderson Anemoy AAA CLO Strategy, launched in collaboration with real-world asset lending protocol Centrifuge. The protocol is developed by Grove Labs, which is owned by the DeFi-focused financial advisory firm Steakhouse Financial.

70% of $1B Plasma deposits held by top 100 wallets, showing concentrated interest in XPL sale

Plasma doubles its deposit cap, clarifies it is eyeing $50M public sale at $500M FDV

Quick Take Users who deposit stablecoins into Plasma’s vault can earn the right to purchase Plasma’s token, XPL. The company said it raised the deposit cap to give community members another opportunity who missed the first opening.

Sky Rune uses 300,000 USDS to repurchase 3.96 million SKY

RLUSD surpasses $300M supply as Ripple secures UAE backing

Tokenized Funds Could Influence Ethereum Investment Trends Amid Growing Market and Regulatory Developments

SKY Leads Market Gains Following Launch of USDS Staking Rewards

SKY’s price has surged over 10% after the launch of USDS staking rewards, showing strong bullish momentum. With growing buying pressure and key indicators pointing to further gains, the altcoin is poised for a potential rally.

Data: wcgUSD ranks among the top three in trading volume in Pendle's new stablecoin market, with TVL exceeding 32.65 million USD

Data: Total Stablecoin Supply Reaches $245.3 Billion

Synthetic Dollar Stablecoin With Credit Collateral Launched

Ethereum stablecoin volume hits record $908 billion as institutions, tech giants, and Trump jump in

Quick Take The surge in stablecoin activity on Ethereum underscores the network’s continued dominance as the preferred blockchain for dollar-denominated digital assets. The following is an excerpt from The Block’s Data and Insights newsletter.

USDC Channel Cost Eats Into Profit, MakerDAO Records $5 Million Loss in Q1

The first quarter loss sharply contrasts with the previous quarter's $31 million profit.

Sky Q1 Losses $5 Million Due to 102% Increase in Incentive USDS Interest Expenses

Gnosis Chain: xDAI Bridge to Adopt USDS as Default Token on Ethereum Chain, Migration Effective June 8

A Whale Deposits 4,815 ETH into Spark and Borrows 4.5 Million DAI, Converts to USDS, and Deposits into Aave V3

Sky Community is Considering a Final Proposal to Replace MKR with SKY as the Sole Governance Token

Stablecoin market cap hits $240B as yields gain popularity

Sky community mulls final proposal to replace MKR with SKY as sole governance token, enabling staking and USDS rewards

Quick Take A new governance proposal has been submitted to finalize the Sky ecosystem’s upgrade from MKR to SKY following its “Endgame” rebranding in 2024. The proposal includes making SKY the sole governance token of the Sky protocol and enabling staking.

World Liberty Financial Denies Report of Selling Ethereum, Will ETH Price Bounce Back Quick?

World Liberty Financial (WLFI) dismissed reports claiming the sale of $8 million worth of ETH earlier this week.

The overall market value of stablecoins increased by approximately US$7.7 billion in February, with USDS increasing by 64%.

The overall market value of stablecoins increased by approximately 7.7 billion US dollars in February, with USDS increasing by 64%

An entity is suspected to have purchased 9,147 ETH through two wallets