Spark's Stablecoin FX Layer tops $12 billion in volume in under three months
- —Spark FX Layer cumulative volume exceeded $12 billion in under three months
- —RLUSD distributed $375 million: $250M to Morpho vault, $50M to exchanges, $100M to SparkLend
- —The RLUSD/USDS market processed over $600 million in volume in its first week
- —USDS pairs accounted for more than 50% of stable-to-stable volume on Ethereum via Uniswap in August
Why it matters: Shared liquidity reduces stablecoin fragmentation and could accelerate institutional adoption of RLUSD and USDS.
Source: The Cryptonomist (IT)