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CryptoMedium•16 April 2026•

1 min read

Sky Protocol Launches USDS Stablecoin on Avalanche to Boost DeFi Liquidity

Key Facts

1Sky protocol launched its USDS stablecoin and yield-bearing sUSDS natively on the Avalanche network.

Sky protocol, formerly known as MakerDAO, has officially deployed its USDS stablecoin and the yield-bearing sUSDS natively on the Avalanche blockchain. This strategic expansion aims to enhance accessibility to decentralized finance (DeFi) services and bolster liquidity within the Avalanche ecosystem. The integration leverages the Skylink infrastructure alongside the LayerZero interoperability protocol to ensure seamless cross-chain functionality. This move is expected to drive higher Total Value Locked (TVL) and increase network activity for both users and developers. The launch marks a significant milestone in Sky's multi-chain expansion strategy, strengthening the utility of USDS as a leading financial tool in the crypto market.