The next milestone for the Stablecoin FX Layer When we launched the FX Layer on Uniswap v4, the objective wasn't simply to deploy liquidity. It was to rethink how stablecoin liquidity is coordinated. The initial deployment brought $150M to Uniswap v4 and processed $70M+ in volume within its first three days. Today's integration of @Skyecosystem's LitePSM into @Uniswap's routing infrastructure is another important step towards that vision. Why? Because the Stablecoin FX Layer is designed to unlock a different liquidity model: - Reduce the need for every new stablecoin issuer to bootstrap liquidity from scratch. - Coordinate liquidity across multiple stablecoin pairs. - Put idle capital to work whilst maintaining instant liquidity. - Improve execution through deeper, connected routing. With LitePSM, USDS has direct 1:1 convertibility with USDC, allowing Uniswap's router to access one of the deepest sources of stablecoin liquidity when determining the best execution path. The result is: - Traders: access deeper liquidity and lower slippage - Stablecoin issuers: connect to a shared liquidity instead of bootstrapping it from scratch. - Builders: Build apps on shared liquidity infrastructure, not fragmented pools. Today's integration is the next milestone. The Stablecoin FX Layer wasn't a one-off launch. It's an evolving liquidity architecture, and every new integration strengthens the network.