Obex to invest $1B in AI, other assets to expand USDS yield

Crypto incubator Obex has announced a $1 billion investment to link the Sky stablecoin USDS with yields generated from real-world assets such as AI data centers, housing, and energy. According to CoinDesk, initial partners include Maple, USD.ai, Daylight, Centrifuge, Securitize, River, TVL Capital, and Better, who will work to connect the crypto market with traditional industries. Last year, Obex gained the authority to invest up to $2.5 billion of Sky's USDS reserves into real-world assets to generate returns.