Sky Confirms $150M USDS Liquidity Powers FX Layer Framework
2026-06-29 20:28

Woofun AI reports that Sky (formerly MakerDAO) confirmed approximately $150 million in liquidity migrated from the FX Layer stablecoin exchange system originated within the USDS ecosystem. This capital serves as the initial pricing asset, providing necessary depth for USDS/USDT and USDS/PYUSD liquidity pools.

This deployment marks the first large-scale implementation of the shared liquidity framework. The long-term objective is to allow entities such as PayPal, Ripple, Robinhood, and Revolut to utilize this common infrastructure instead of constructing independent liquidity networks.

Additionally, the structure aims to generate returns for idle funds within the governance framework when not engaged in market making. Spark functions as the orchestration layer for liquidity allocation, while Uniswap v4 provides the programmable AMM architecture via DualPool hooks.

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Tags:
USDS
USDT
PYUSD
RLUSD
Sky
MakerDAO
Spark
Uniswap
FX Layer
Uniswap v4
DualPool hook
PayPal
Ripple
Robinhood
Revolut
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