Analysis

Top US-Based Crypto Exchange by Trading Volume Coinbase Adds Support for DeFi Tokens SKY and USDS

Published

2 months ago

July 11, 2025

Two decentralized funds (Defi) Altcoins have acquired abrupt help from the perfect American crypto change platform Coinbase.

In a brand new announcement, Coinbase out It provides Sky (Sky), beforehand often called Makerdao, in addition to its related Stablecoin USDS (USDS), to its bundle of digital asset merchandise.

“Sky (Sky) and USDS (USDS) at the moment are dwell on Coinbase.com and within the Coinbase iOS & Android apps. Coinbase clients can log in to purchase, promote, convert, ship, obtain or retailer these belongings.”

The information of the additions had little impression on the tokens, as a result of on the time of writing, Sky acts for $ 0.0836, a 3% revenue over the last 24 hours, whereas USDS has remained linked to the worth of the US greenback.

In line with the Crypto -analyzed firm Messari, Makerdao First renowned To Sky in August 2024, to switch his Governance token MKR by Sky and his Greenback-Pegged digital belongings DAI by USDS.

Messari says that the Rebrand was a part of the “endgame” technique of the event staff, which is a plan to advertise development and accessibility inside the Defi Ecosystem and to create bridges for conventional funds.

“The rebranding is meant to enchantment to a wider viewers on the crypto-native neighborhood, which signifies a shift in conventional funds and presumably growing adoption …

Normally, the rebranding to sky is a strategic step inside the maker’s finish sport plan to enhance the expansion, accessibility and resilience of the Defi, though it’s confronted for challenges in acceptance of the neighborhood and model id. “

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