Coinbase has expanded its listings with the addition of Sky (SKY) and its stablecoin counterpart USDS, both born from MakerDAO’s recent transformation effort.
These tokens, now accessible through Coinbase’s website and mobile apps, represent the next phase in the protocol’s push toward broader financial integration.
This move stems from a strategic overhaul launched by MakerDAO in 2024, which replaced its long-standing governance token MKR with SKY and rebranded its dollar-pegged stablecoin DAI to USDS. The revamp is part of what the project calls its “Endgame Plan,” designed to make decentralized finance more user-friendly and interoperable with traditional finance.
While the market response was mild—SKY edged up modestly and USDS held its dollar peg—the listings mark a major milestone in the project’s effort to rebuild its identity and increase adoption beyond crypto-native communities.
MakerDAO’s shift to Sky reflects a broader ambition: to evolve DeFi into a more resilient and widely accepted ecosystem while bridging the gap between crypto and conventional finance.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/coinbase-expands-listings-with-rebranded-defi-tokens/