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

More Builders Driving Real-World Impact

Discover SDG-aligned teams using Ethereum to solve real problems worldwide.

Explore the Ecosystem

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

Haraka

Haraka provides a decentralized lending platform designed for communities without access to traditional financial services. By converting social trust into digital collateral, Haraka enables micro-entrepreneurs to secure loans in stablecoins without the need for bank accounts, physical collateral, or complex credit histories.

Protocol

Stablecoins

Hurupay

Hurupay offers a digital wallet that allows users to open virtual accounts in USD, EUR, and GBP without monthly fees. Users can receive payments from platforms like PayPal, Wise, Upwork, and Fiverr, and withdraw funds via crypto exchanges, local banks, or mobile money.

Protocol

Payments

CASE STUDIES

Real-World Impact in Action

Explore case studies linked to this initiative and Ethereum, showing how local action scales into global solutions.

Explore All Case Studies

More Builders Driving Real-World Impact

Circle

Haraka

Hurupay

Real-World Impact in Action

Want to help ETH FTW grow?