Bybit to auto-swap DAI balances for USDS at 1:1, joining Binance in adopting Sky Protocol's stablecoin rebrand
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Promote with Leviathan NewsBybit will auto-swap user DAI balances to USDS at 1:1, completing its catch-up to Sky Protocol's stablecoin rebrand that Binance already processed months back. USDS is MakerDAO's successor stablecoin — same $1 peg, but holders earn Sky Token Rewards that DAI never paid. Combined DAI+USDS supply now sits at $13.4B, keeping Sky the third-largest stablecoin issuer behind Tether and Circle.
TLDR by @Benthic
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