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Sky Reports More Than $4.4 Billion in Peg Stability Liquidity
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Sky.money's $4.4 Billion PSM Raises Real Questions About USDS Cash-Out Access
Sky.money dropped a significant disclosure on October 9. The protocol said it holds over $4.4 billion in stablecoin liquidity inside… Read the original on Sky.money’s $4.4 Billion PSM Sparks Concerns Over USDS Cash-Out Accessibility. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Sky reported USD 4.4 billion in aggregate liquidity of stablecoins on its Peg Stability Module, but that figure does not amount to bank cash available to all holders. The route from USDS to USDC includes a conversion to USDC and then a separate exchange process subject to inventory and access requirements.
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