Galaxy Adds $100M of sUSDS to Treasury, Approves It as Loan Collateral

This is a notable step in the convergence of DeFi yield and institutional credit: sUSDS is being treated less as a passive savings product and more as balance-sheet collateral. It matters because a firm with a sizable institutional loan book is effectively validating a tokenized savings vehicle as collateral, which could shape how similar products are accepted elsewhere. The open question is whether other lenders follow Galaxy's lead in recognizing such tokens as collateral, and how the dual role of earning a savings rate while pledging the same asset is managed over time.