usds

According to on-chain analyst Yu Jin's monitoring, on June 7, a certain whale borrowed 30,000,000 USDS through circular lending collateralized by ETH and purchased 18,212 ETH at an average price of 1,647 USD.Today, the whale sold 15,993 ETH at a price of 1,889 USD, repaying a loan of 30,200,000 USDS, with a leveraged profit of 4.3 million USD.

According to Onchain Lens monitoring, after 2 years of silence, a certain whale sold 5,671 ETH at a price of $1,576, exchanging it for 8.938 million USDS.

According to Onchain Lens monitoring, after being dormant for 7 years, the whale address "0x096" sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS, and ultimately locked in a profit of $39.1 million.

According to on-chain analyst Ai Yi's monitoring, the address 0x709...Cad6e has built a position again after six months, mortgaging 10,570 ETH 14 hours ago to borrow 16 million USDS, and then buying 14,730.36 wstETH at an average price of $2,028, followed by borrowing another 14 million USDS to increase the position.

According to on-chain analyst Yu Jin's monitoring, 15 minutes ago, an on-chain whale borrowed 30 million USDS from Spark through a circular loan collateral and then purchased 18,212 ETH at an average price of 1,647 USD.

According to Onchain Lens monitoring, the mysterious whale 7 Siblings (0x5ffc...3c37) has once again purchased 11,759 ETH, worth 18.03 million USD, and still holds 10 million USD worth of USDS.

Sky Ecosystem posted on platform X that the USDS OFT cross-chain bridging on the Solana network has resumed operation, which was temporarily paused due to a security review related to the rsETH vulnerability.Sky stated that throughout the review period, both the Sky Protocol and the USDS contract were unaffected, and USDS has always maintained full collateral as designed by the protocol, which can be verified on-chain at any time. This pause was a precautionary measure.With the completion of the security review, the USDS cross-chain bridging on the Solana chain has reopened, while the bridging to Avalanche will resume after further review is completed.

L1 Public chain Somnia announced the launch of the ecological stablecoin USDso, issued and operated by the decentralized stablecoin protocol Frax Finance based on the frxUSD architecture.USDso adopts an over-collateralized model and uses assets such as U.S. Treasury bonds as reserve support, which can be minted 1:1 with assets like USDC. Its revenue distribution mechanism will channel reserve earnings back into the ecosystem, with 90% allocated to DeFi protocols and 10% for the insurance fund. This stablecoin is designed to serve high-frequency trading, DeFi, and on-chain protocol scenarios.

According to on-chain analyst Ai Yi's monitoring, a suspected address of Sun Yuchen has withdrawn 3.2 million USDT from Spark again, totaling 96.62 million US dollars in stablecoins withdrawn.The financial address 0x939...6A1D1 currently has 1.15 billion dollars in funds on Spark, of which 1.02 billion is USDS and 131 million is USDC. After previously suspected to have sold 5.51 million dollars worth of USDS farming rewards, new rewards have accumulated to nearly 600,000 dollars.

Sky proposes a comprehensive reform of the treasury revenue distribution mechanism. Founder Rune Christensen stated that with Genesis Capital's transition to Grove, Sky has officially ended the genesis capitalization phase, and the previous irregular capital deployment determined by governance has come to an end.The proposal simplifies the treasury management function (TMF) from a five-step conditional waterfall structure to a four-step fixed allocation framework, covering security and maintenance, overall backup capital, smart burn engine, and USDS staking rewards, while eliminating multiple legacy mechanisms. This move comes as Sky is rapidly expanding, with the supply of USDS rising to approximately $11.6 billion, making it the third-largest stablecoin. Previously, the Sky community authorized the deployment of up to $2.5 billion through the stablecoin incubator Obex, and launched the native USDS on Avalanche in April.

According to on-chain analyst Ai Yi's monitoring, Sun Yuchen has deposited a total of $1.3 billion in assets to Spark, with USDS Farming rewards reaching as high as $5.38 million.Sun Yuchen's address 0x939...6a1d1 withdrew 300 million USDS from Sky in the past 3 hours and then deposited it into Spark. The current deposits on the platform are as follows:USDS: $436 million, accounting for 18.72% of the deposit pool;USDC: $135 million, accounting for 28.17% of the deposit pool;USDT: $93.39 million, accounting for 9.89% of the deposit pool.

Sky (formerly MakerDAO) posted on the X platform stating that it has currently suspended the omnichain fungible token (Omnichain Fungible Token) cross-chain bridging function for USDS. It will further assess the impact of the rsETH-related security incident while emphasizing that its protocol itself and the USDS contract have not been affected temporarily. USDS remains fully collateralized as designed by the protocol and can be verified on-chain at any time.

OKX will open USDS deposits on April 17, 2026, at 11:00, with pre-orders from 16:00 to 17:00. The USDS/USDT spot trading will open at 17:00, and withdrawals will be available at 19:00. USDS is an upgraded stablecoin of the Sky ecosystem, and users can convert it at a 1:1 ratio through Sky.money and other platforms.

Binance has completed the Dai (DAI) token swap and brand upgrade to USDS (USDS) on April 9, 2026, at 16:00, and has opened spot trading for BTC/USDS, ETH/USDS, and USDS/USDT.Users can deposit the old DAI token (BEP20) and use the swap function to exchange for the new USDS token at a 1:1 ratio. Please note that Binance will no longer support withdrawals of the old DAI token.

OKX will officially launch the USDS/USDT spot trading pair on April 17, 2026, at 17:00. From April 13, 2026, at 15:00, DAI-related trading services will be suspended, and on April 15 at 16:00, DAI deposit, withdrawal, and fund transfer functions will be closed. All eligible DAI will be swapped at 17:00 on April 15, and after the swap is completed, DAI will no longer be displayed in the asset list.

According to on-chain analyst Yu Jin's monitoring, Spark completed its first month of token buyback half an hour ago, spending 571,957 USDS to purchase 26.66 million SPK, with an average price of $0.0215. The 26.66 million SPK bought back over the month is approximately 1% of the circulating supply of SPK, and their buyback plan is expected to last for 12 months. Roughly estimating based on this number, a year's buyback could acquire 12% of the circulating supply of SPK, which is about 320 million SPK (6.86 million USD).

Despite the cooling of the cryptocurrency market, stablecoins continue to develop rapidly. According to DefiLlama data, the total market capitalization of stablecoins increased by 0.43% over the past week, with a circulating market cap of $31.7255 billion, reaching a historic high.Meanwhile, the market share of USDT continues to decline, falling below 60% to currently report 58.03%. The stablecoin USDS under Sky has seen significant growth, with a circulating market cap increase of 9.57% over the past week, currently reporting a circulating market cap of $8.924 billion, making it the third largest stablecoin by market cap.

According to the official announcement, Upbit will list the SKY and USDS tokens in the Korean won and USDT markets.

The cryptocurrency incubator Obex announced the deployment of $1 billion in funds, connecting the USDS stablecoin of the Sky ecosystem with real-world asset (RWA) yields, focusing on investments in credit, energy, and AI asset sectors, including tokenized products such as AI data centers, housing, and energy infrastructure. The goal is to enable the Sky ecosystem to go beyond "circular" crypto-native yields and provide USDS holders with higher quality, sustainable returns.As the world's third-largest stablecoin issuer (with USDS at approximately $10 billion), Sky has generated about $435 million in annualized revenue by 2025 and plans to increase the USDS supply to over $20 billion next year. Previously, Obex was authorized to invest up to $2.5 billion from the Sky reserves into RWA, and this $1 billion is the first actual deployment. Partners include Maple, USD.ai, Daylight, Centrifuge, Securitize, River, TVL Capital, Better, and others.