Spark's Stablecoin FX Layer Hits $12B in Trading Volume
Spark's Stablecoin FX Layer has surpassed $12 billion in cumulative trading volume less than three months after its launch. The layer uses USDS as a common liquidity base to connect a growing network of stablecoins, including RLUSD, USDT, and PYUSD.
The expansion is backed by $375 million of RLUSD deployed across Spark's broader infrastructure. This includes exchange liquidity through the Stablecoin FX Layer on Uniswap, institutional capital allocation through the Sentora x Spark RLUSD Morpho vault, and on-chain credit through SparkLend.
According to Sam MacPherson, CEO of Spark, 'Stablecoins are rapidly becoming core financial infrastructure. But every new asset shouldn't need to rebuild its liquidity and capital infrastructure from scratch.'