According to on-chain analyst Yu Jin’s monitoring, Spark completed its first month of token buybacks on April 6, spending 571,957 USDS to purchase 26.66 million SPK tokens at an average price of $0.0215. The buyback program is expected to run for 12 months, with an annual buyback-to-circulation rate of up to 12%.

According to Ember monitoring, in the first month of Spark’s buyback program, 571,957 USDS were repurchased, and 26.6 million SPK were purchased at an average price of $0.0215. The expected annual buyback will reach 12% of the circulating supply, about 320 million SPK.

On April 5, Spark completed its first token buyback, spending 571,957 USDS to purchase 26.66 million SPK tokens at an average price of $0.0215, which is about 1% of the circulating supply. The buyback program is expected to last 12 months, and within the year it could repurchase about 320 million SPK tokens worth $6.86 million.

Gate News message, April 5, according to DefiLlama data, despite cooling in the crypto market, the stablecoin market continues to grow rapidly. Over the past week, the total stablecoin market capitalization increased by 0.43%, and the circulating market cap reached $317.26B, hitting an all-time high. At the same time, USDT’s market share has continued to decline, falling below 60% and currently at 58.03%. Sky’s stablecoin USDS performed outstandingly: over the past week, its circulating market cap grew by 9.57%, currently at $8.92B, becoming the third-largest stablecoin by market cap.

Despite weakness in the crypto market, the stablecoin market continues to grow. Over the past week, total market capitalization rose by 0.43%, reaching $317.26B, a new all-time high. The market share of USDT fell to 58.03%, while the circulating market cap of USDS under Sky increased by 9.57%, becoming the third-largest stablecoin.

Cryptocurrency incubator Obex announces deployment of $1 billion to connect Sky ecosystem's USDS stablecoin with real-world assets, focusing on investments in credit, energy, and AI assets to enhance USDS holder yields and drive the Sky ecosystem beyond pure crypto returns. Sky is the world's third-largest stablecoin issuer and plans to increase USDS supply to $20 billion.

Cryptocurrency incubator Obex announces it will deploy $1 billion in funding to connect Sky ecosystem's USDS stablecoin with real-world asset yields, with a focus on investing in credit, energy, and AI sectors, aiming to provide sustainable returns for USDS holders. Sky is the world's third-largest stablecoin issuer, with USDS currently at approximately $10 billion in scale, planning to grow to over $20 billion in the future.

Sky proposes allocating approximately 70 million USDS to the remaining Sky Agents, including 10 million for Keel, 25 million for new executing Agent Amatsu, 25 million for Ozone, and 10 million for an undisclosed Sky Agent. If the proposal is approved, the funds will be transferred in the voting on March 26.

Sky Protocol Governance Committee approved the allocation of 70 million USDS to support the launch phase of Sky Agent. The fund allocation includes 25 million USDS each to Keel, Amatsu, and Ozone, with 10 million USDS allocated to an undisclosed Agent. The funds will be disbursed after the March 26 vote and remain under protocol control.

Sky protocol governance voting has passed, deciding to reduce the protocol income allocation used for SKY buybacks from 300,000 USDS daily to 37,600 USDS, and made multiple updates to Atlas Edit content, including removing specific risk exposures, adding to blocklist, and correcting related descriptions.