The Solana decentralized ecosystem (DeFi) is growing: Sky—formerly known as MakerDAO—has put its new stablecoin on the crypto network. 

According to Sky, the token, USDS, will be the DeFi-native stablecoin on Solana. 

Sky’s USDS stablecoin was launched in September. Sky runs on Ethereum and is one of the oldest DeFi projects in the space. USDS replaced DAI, the long-running Ethereum stablecoin; DAI holders were able to upgrade to USDS as of September.

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Author: Mathew Di Salvo