The incubator aims to fund stablecoin projects backed by compute, energy and fintech credit using Sky's up to $2.5 billion commitment, Framework Ventures' Vance Spencer said in an interview.
The stablecoin issuer's investment comes as BTC-backed lending scales rapidly, with Ledn surpassing $1 billion in originations this year and positioning for global expansion.
Bitcoin hovered near $91,000 as sentiment hit "extreme fear," volatility jumped and leveraged traders absorbed over $1 billion in liquidations while altcoins fell further.
A fast reset in downside odds mirrors QCP’s warning of flat-footed pro desks, with Glassnode highlighting oversold momentum and moderating ETF outflows.