Spark Brings On-Chain USDT Savings to OKX App

Spark has launched its Spark Savings USDT product inside the OKX app, making it easier for users to access stablecoin balances without directly connecting a wallet or bridging assets. The deposits are routed on-chain through X Layer, OKX's EVM layer-2 network.

The integration allows eligible OKX users in selected markets outside the European Union to subscribe to Spark Savings USDT, subject to local requirements. This means users can earn interest on their USDT without having to interact directly with DeFi applications.

Spark allocates the deposited capital across approved venues, including lending markets and liquidity provision, within constraints defined by its governance framework. The protocol uses a programmatic allocation method and provides 1:1 USDS backing through the Sky Allocation System Primitive.