Obex deploys $1 billion in diversified investments to enhance the yield of the USDS stablecoin under Sky

The cryptocurrency incubator Obex announced the deployment of $1 billion in funds, connecting the USDS stablecoin of the Sky ecosystem with real-world asset (RWA) yields, focusing on investments in credit, energy, and AI asset sectors, including tokenized products such as AI data centers, housing, and energy infrastructure. The goal is to enable the Sky ecosystem to go beyond "circular" crypto-native yields and provide USDS holders with higher quality, sustainable returns.

As the world's third-largest stablecoin issuer (with USDS at approximately $10 billion), Sky has generated about $435 million in annualized revenue by 2025 and plans to increase the USDS supply to over $20 billion next year. Previously, Obex was authorized to invest up to $2.5 billion from the Sky reserves into RWA, and this $1 billion is the first actual deployment. Partners include Maple, USD.ai, Daylight, Centrifuge, Securitize, River, TVL Capital, Better, and others.