[Lunch Briefing] Sky USDS Supply Surpasses 1 Billion in 2 Weeks Since Launch

The major cryptocurrencies are in a downward trend. As of 12:58 PM on the 23rd, based on Bithumb, BTC fell 0.15% from the previous day to 926,190,000 won. ETH fell 0.28% to 36,120,000 won, BNB fell 0.79% to 815,000 won, SOL fell 2.23% to 228,400 won, and XRP fell 0.14% to 734 won. The global market is also in a downward trend. At the same time, on CoinMarketCap, BTC recorded $67,204.44, down 0.49% from the previous day. ETH fell 1.09% to $2,614, BNB fell 1.43% to $589.91, SOL fell 0.55% to $165.38, and XRP fell 2.24% to $0.5309. The total market capitalization of cryptocurrencies decreased by 0.86% from the previous day to about $2.31 trillion (about 319.32 trillion won). The Crypto Fear & Greed Index of Alternative.me rose 1 point from the previous day to 71 points, indicating 'Greed'. According to The Block on the 22nd (local time), the new stablecoin 'Sky Dollar (USDS)' of the decentralized autonomous organization (DAO) Sky (formerly MakerDAO) surpassed a total supply of 1 billion in just 2 weeks after its launch. Sky is a DeFi protocol specialized in stablecoins. Currently, USDS is integrated into major DeFi protocols such as Aave, Athena, and Morpho. Meanwhile, Sky is considering a return to MakerDAO after users experienced confusion following the rebranding. Sky changed its name from MakerDAO in September. Sky plans to discuss the brand name through a community call on the 25th.