Sky confirmed to provide USDS liquidity base for Spark, Uniswap stablecoin exchange system FX Layer

Comparing news, Sky (formerly MakerDAO), in collaboration with Spark and Uniswap, published an article stating that the approximately US$150 million in liquidity transferred from the previously launched stablecoin FX Layer project comes from Sky's USDS ecosystem. USDS is the initial denominated asset within the network, providing basic liquidity for USDS/USDT and USDS/PYUSD capital pools. The three parties said that this is the first large-scale implementation of this liquidity framework. The long-term vision is to allow more issuers (such as PayPal's PYUSD, Ripple's RLUSD, and institutions exploring stablecoin business, such as Robinhood and Revolut) to connect to this shared infrastructure, rather than independently building a liquidity network, while exploring how idle capital can still generate revenue under the governance framework when not participating in market making.

Earlier, on June 25, Spark and Uniswap announced the joint launch of FX Layer, a stablecoin exchange system, which aims to provide banks, fintech companies, and payment companies with shared liquidity infrastructure to avoid repeated construction of liquidity pools, market makers, and inventory management; Spark acts as an orchestration layer to determine how liquidity is distributed and coordinated among different stablecoins, and Uniswap v4 provides a programmable AMM architecture (DualPool based on the hooks mechanism) hook) Execute a specific transaction path.

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