Sky Invests $2.5 Billion: Turning to Real-World Assets to Address Stablecoin Volatility

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Sky Invests $2.5 Billion: Turning to Real-World Assets to Address Stablecoin Volatility

Bitget-RWA2025/11/19 01:34

By:Bitget-RWA

- Sky (formerly MakerDAO) authorizes $2.5B in USDS for Obex, a crypto incubator targeting RWA-backed stablecoins. - Obex focuses on compute credits, energy assets, and fintech loans, offering 12-week programs with access to Sky's $9B reserves. - The initiative addresses synthetic stablecoin volatility by prioritizing institutional-grade RWA collateral like solar infrastructure and loans. - With $37M in initial funding, Obex aims to stabilize yield-generating stablecoins amid a projected $1T market growth.

Sky Approves Up to $2.5 Billion in USDS for New RWA-Backed Stablecoin Ventures

The stablecoin sector is on the verge of transformation as Sky, previously known as MakerDAO, has

given the green light for up to $2.5 billion in USDS

to support projects through its newly launched crypto incubator, Obex. This program, which is focused on building yield-generating stablecoins secured by real-world assets (RWA), has already attracted $37 million in seed capital

with Framework Ventures, LayerZero, and Sky at the forefront

. This step highlights the industry's increasing interest in tying stablecoins to physical assets, a move intended to reduce the risks seen in synthetic stablecoins that have lost their pegs

after recent DeFi security breaches

Obex, which Vance Spencer, co-founder of Framework Ventures, likens to a "Y Combinator for stablecoins," will concentrate on three main sectors: compute credits (such as tokenized GPU resources), energy assets (like large-scale solar and battery projects), and lending to major fintech companies

as outlined in the report

. The incubator will offer a 12-week accelerator for early-stage teams, providing funding, technical support, and access to Sky's platform. Teams that successfully pass risk and governance assessments could receive further investment from Sky’s reserves, which currently exceed $9 billion in market value

across its DAI and USDS stablecoins

Obex

Sky Invests $2.5 Billion: Turning to Real-World Assets to Address Stablecoin Volatility image 0

aims to foster a stablecoin ecosystem that balances forward-thinking innovation with robust risk management. The incubator will emphasize the use of high-quality, tangible collateral—such as energy projects and fintech loans—to maintain the reliability of yield-generating stablecoins.

This strategy marks a shift from conventional stablecoin approaches

that depend on fiat currency or government securities.

This initiative seeks to fill a significant void in the stablecoin landscape, where synthetic assets like Ethena's

USDE

and Stream Finance's USDX have

experienced instability due to underlying investment tactics

. "We can't allow the creation of $500 million stablecoins that end up collapsing," Spencer stressed, adding that Obex will

implement risk controls at an institutional level

along with strict underwriting standards. This philosophy is in line with wider market trends, as stablecoins are expected to reach a $1 trillion market cap, with yield-generating types expanding even more rapidly

based on industry forecasts

Sky’s allocation of $2.5 billion in USDS demonstrates strong belief in the scalability of stablecoins anchored by real-world assets. The capital will be sourced from the protocol’s substantial reserves, enabling projects to earn yields while keeping volatility in check

as reported

. Unlike traditional stablecoins, which are typically backed by fiat or government bonds, Obex

focuses on premium collateral

, such as energy infrastructure and fintech lending, to build a more diverse revenue stream.

The launch of the incubator comes at a time when the need for novel stablecoin solutions is growing rapidly.

The emergence of Ethena’s USDE and Tether’s recent $1.5 billion in credit-based stablecoins

underscores the sector’s growth potential. Yet, Obex’s emphasis on RWA is intended to lessen dependence on volatile crypto assets,

providing a sturdier alternative

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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