The longtime Ethereum DeFi giant Sky has deployed its USDS stablecoin on Solana, the protocol told Blockworks exclusively.

USDS, which was formerly known as DAI, is the third largest stablecoin by market capitalization, trailing just USDT and USDC. The token had been exclusive to Ethereum since launching in 2014 leading up to today’s deployment. 

Sky was formerly known as Maker prior to its late-August rebrand. It’s all part of the years-long “endgame” process being carried out by Sky co-founder Rune Christensen. The endgame comes with a slew of changes to one of the oldest DeFi protocols. 

Christensen has made clear his admiration of Solana, floating the idea of…

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