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Sky received investment from Tether, or rather, through a process similar to DAT (Digital Asset Management). NBY, originally a pharmaceutical company, transformed into a stablecoin development company, raising $130 million through PIPE and purchasing [a specific token, likely 'Sky'], with Tether among the investors. Framework, a long-time supporter of Sky, also participated.
Currently, this money has purchased over 2 billion [a specific token, likely 'Sky'] (representing 8.78% of the total supply).
DeFi infrastructure is beginning to be accepted by traditional markets.
Sky, Spark, USDS. Just beginning.

Sky
@SkyEcosystem
03-24
x.com/NovaBayPharma/…

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