Sky

Region

Worldwide

Targeted SDGs

9. Industry, Innovation, Technology and Infrastructure

Description

Sky is the successor to MakerDAO, the pioneering DeFi protocol that first introduced decentralized stablecoins on Ethereum. It governs and issues USDS, a crypto-backed stablecoin designed to maintain parity with the U.S. dollar without depending on banks or centralized custodians. Sky operates entirely through smart contracts, ensuring that decisions and risk management are handled transparently onchain. Guided by a global community of token holders, it emphasizes decentralization, censorship resistance, and the long-term resilience of open financial systems.

Impact

Sky has given people around the world a way to save and transact in digital dollars even when access to traditional banking or US dollars is restricted. For individuals in countries facing hyperinflation or capital controls, holding USDS means being able to protect wages and savings against local currency collapse.

EXPLORE THE NETWORK

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Protocol

UBI

MiniPay

MiniPay is a stablecoin wallet developed by Opera, designed to provide users with seamless access to Stablecoin payments.

Protocol

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Circle

Circle is a financial technology company that develops USDC, a stablecoin backed one-to-one by U.S. dollar reserves. USDC circulates across multiple blockchains and is widely used for payments, trading, and DeFi applications. Circle also partners with banks, fintechs, and governments to integrate digital dollars into mainstream finance, making it one of the key bridges between traditional systems and blockchain infrastructure.

Institution

Stablecoins

CASE STUDIES

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Kolektivo Network

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Real-World Impact in Action

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