Sky为FX Layer提供1.5亿USDS底层流动性

Odaily Planet Daily News Sky (formerly MakerDAO), in collaboration with Spark and Uniswap, announced that the initial $150 million liquidity for the FX Layer, a stablecoin exchange system jointly developed by the three parties, comes entirely from the Sky ecosystem stablecoin USDS. As the platform's core pricing asset, USDS provides base liquidity for the USDS/USDT and USDS/PYUSD trading pools, marking the first large-scale implementation of this shared liquidity framework.

The three parties have a long-term plan to onboard institutions involved in the stablecoin business, such as PayPal's PYUSD, Ripple's RLUSD, Robinhood, and Revolut, onto the unified infrastructure. This eliminates the need for each issuer to independently build liquidity pools and market-making systems. At the same time, a governance mechanism is in place to allow idle funds not participating in market-making to continuously generate yields.

Looking back to June 25, Spark and Uniswap officially announced the launch of FX Layer. The division of labor is clear: Spark acts as the orchestration layer, allocating cross-stablecoin liquidity, while Uniswap v4 executes the trading path through its DualPool hook programmable AMM mechanism, offering a one-stop stablecoin exchange service for banks, fintech firms, and payment enterprises.