CoinsAQ summary · neutral
Sky’s $4.4 billion liquidity disclosure shows why USDS cash-outs need a separate bank route
What happened
Sky’s PSM converts USDS into USDC using existing inventory. Receiving bank dollars requires a separate eligible issuer and banking route. Sky.money reported more than $4.4 billion of stablecoin liquidity in its Peg Stability Module in an Oct. 9 explanation of the conversion.
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