Galaxy bought $100M of sUSDS and approved it as collateral across our institutional lending book. It's the latest step in a deepening relationship with @SkyEcosystem — from Grove's $500M warehouse facility to Spark-backed financing for GOFR.
🚨 EXCLUSIVE: Spark’s stablecoin FX Layer has surpassed $12 billion in volume in under three months, with Ripple’s RLUSD now joining through a $375 million deployment.
@hexonaut, co-founder and CEO of Spark, told AlphaWire the growth is being driven primarily by treasury capital
Holding USDS in Binance Keyless Wallet now earns automatically, no staking required.
We power the USDS side of this with deep liquidity, no idle capital.
That's not just saving. That's saving with intelligence.
Sam joined Fintech TV again this afternoon, where he shared his views on the recent CLARITY Act outcome, what it means for the industry, and why its future remains bright regardless.
Independent contributor @WalleDAO writes this piece below and the numbers are worth flagging.
Of the 1.3M+ ETH that left tracked whale wallets, SparkLend absorbed 88,320 ETH, more than 10x what our No. 1 competitor captured.
Whales didn't go bearish, they just deployed more
SparkLend's borrowing on Ethereum has grown 247% since March, approaching $3B.
USDS led the growth. USDS borrowing rose from $188M to $917M, accounting for nearly half the $1.5B increase in total borrowing.
Competitive borrowing rates are helping drive that demand.
Over the
Update: PYUSD/USDS pool activity on The Spark Stablecoin FX Layer has surpassed $4B!
The pool runs on @Uniswap v4 deploying liquidity on demand at scale.
Spark coordinates that depth through the FX Layer's shared liquidity network, keeping capital productive between swaps.
USDS borrowing on SparkLend surpassed $800M, up 64% in 30 days. This alone is a new ATH.
Utilization moved from 62% to 65.6% on $1.3B supplied.
wstETH is the largest collateral behind USDS debt at roughly ~$900M. Borrowers are converting ETH exposure into stablecoin liquidity
Great to see risk assessment agencies mapped out like this. Know your risk, and know who rates it.
That's exactly the kind of transparency Spark wants evaluating DeFi credit.
DeFi always surfaces APY, but risks don’t get the same treatment.
That’s why risk rating agencies are now developing their methodologies for the blockchain era.
How does Credora compare to others?
Launching a stablecoin is the start of the journey, not the end.
The bigger question is what happens after issuance?
@Paxos provides trusted, regulated stablecoin issuance.
Spark builds financial utility through Allocation Intelligence, coordinating capital across lending, savings, liquidity and institutional credit.
That's how digital dollars become productive, not just transferable.
PayPal's PYUSD and @RobinhoodApp's USDG ecosystem show how this model can work in practice.
Explore why launching a stablecoin is only the beginning: paragraph.com/@spark-11/why-…
SparkLend TVL is approaching ATHs, up 35% in the last month alone.
This is when prices are still down. In ETH terms, the market has nearly tripled in size since April.
Expecting some explosive growth when the market returns.
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