Hassan Maishera
On Tuesday, the Wormhole team announced via X that Sky Protocol’s USDS stablecoin is now live on Solana, powered by Wormhole. Sky (formerly MakerDAO) now issues their USDS stablecoin on Solana as an SPL token.
This integration enables native $USDS transfers between Ethereum and Solana, maintaining unified liquidity across chains. On day one, USDS will have strong support throughout the Solana ecosystem, including Jupiter, Meteora, Save, Pyth Network, Kamino, and several others.
Wormhole is a decentralized bridge between blockchains that enables the transfer of assets and data across different blockchain networks. It aims to facilitate interoperability and expand the capabilities of blockchain technology. W is trading at $0.2338, down 7% in the last 24 hours.
MakerDAO (now known as Sky) is a Decentralized Finance (DeFi) project with a crypto-collateralized, stablecoin DAI pegged to the US dollar. Its community manages the coin via a Decentralized Autonomous Organization (DAO). MKR is trading at $1,499, up 1% in the last 24 hours.
