Cryptocurrency incubator Obex announces deployment of $1 billion to connect Sky ecosystem's USDS stablecoin with real-world assets, focusing on investments in credit, energy, and AI assets to enhance USDS holder yields and drive the Sky ecosystem beyond pure crypto returns. Sky is the world's third-largest stablecoin issuer and plans to increase USDS supply to $20 billion.

Cryptocurrency incubator Obex announces it will deploy $1 billion in funding to connect Sky ecosystem's USDS stablecoin with real-world asset yields, with a focus on investing in credit, energy, and AI sectors, aiming to provide sustainable returns for USDS holders. Sky is the world's third-largest stablecoin issuer, with USDS currently at approximately $10 billion in scale, planning to grow to over $20 billion in the future.

Sky proposes allocating approximately 70 million USDS to the remaining Sky Agents, including 10 million for Keel, 25 million for new executing Agent Amatsu, 25 million for Ozone, and 10 million for an undisclosed Sky Agent. If the proposal is approved, the funds will be transferred in the voting on March 26.

Sky Protocol Governance Committee approved the allocation of 70 million USDS to support the launch phase of Sky Agent. The fund allocation includes 25 million USDS each to Keel, Amatsu, and Ozone, with 10 million USDS allocated to an undisclosed Agent. The funds will be disbursed after the March 26 vote and remain under protocol control.

Sky protocol governance voting has passed, deciding to reduce the protocol income allocation used for SKY buybacks from 300,000 USDS daily to 37,600 USDS, and made multiple updates to Atlas Edit content, including removing specific risk exposures, adding to blocklist, and correcting related descriptions.

Gate News Announcement: On March 12, the stablecoin USDS under the stablecoin protocol Sky reached a new all-time high, with a total issuance of approximately $11.2 billion.

Sky Protocol proposed a new plan on March 10th, aiming to reduce the SKY buyback ratio from 75% to 7.5% to strengthen the protocol's capital foundation and USDS backing. During the proposal period, SKY staking rewards remain unchanged. The USDS circulation has reached approximately $11 billion, and the Sky Savings Rate has also been lowered to 3.75%. Voting will end on March 12th.

The total market capitalization of stablecoins across the entire network reached $312.4 billion, a new all-time high, with USDT and USDC accounting for 58.9% and 25% respectively. Sky's USDS has a market cap of $7.92 billion, a monthly increase of 26.7%. Sky Protocol's daily protocol revenue reached $600,000. The issuance of yield-bearing stablecoins exceeded $21.5 billion, accounting for 6.88%.

According to on-chain analyst Yu Yan's monitoring, the lending platform Spark transferred 570,000 USDS to a new multi-signature wallet on March 5th, initiating the SPK token buyback. They have already repurchased 1.84 million SPK tokens, worth approximately $36,000. This buyback plan is expected to last 12 months, with 10% of funds each month allocated for repurchasing.