Galaxy Digital, Mike Novogratz’s Nasdaq-listed company, invested $100 million of its treasury in sUSDS, the yield-bearing version of Sky’s USDS stablecoin. sUSDS supply reached $5.52 billion by end of June 2026, up 149% year-over-year. Sky generated $107.35 million in gross revenue in the second quarter with a net surplus of $33.29 million. Galaxy now accepts sUSDS as collateral for its institutional loans, a first for a publicly traded company. Galaxy’s existing credit line with Grove, a Sky ecosystem entity, stands at $500 million.
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