while the narrative focus is on privacy right now, DeFi is breaking new highs lately. one of the top blue chip DeFi project SKY is standing out building the 3rd largest stablecoin USDS through yielding infra (sUSDS). That’s a real differentiation in the stablecoin space.
Sky is back as the #3 largest stablecoin issuer, behind Tether and Circle. Its strategy is clear: differentiate through yield. sUSDS is a yielding dollar asset. USDT and USDC are payment stablecoins. Different designs, different jobs to be done.
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