Spark, Uniswap and Sky: Building the FX Layer for stablecoins
How programmable liquidity is creating the next generation of stablecoin market infrastructure Everyone is focused on launching stablecoins: PayPal launched PYUSD. Ripple launched RLUSD. Revolut, Deel and Robinhood are all exploring stablecoin initiatives or related infrastructure. In Europe, a consortium of major banks including ING, BBVA and BNP Paribas is working towards a regulated euro stablecoin. In Japan, MUFG, Mizuho and SMBC are exploring stablecoin initiatives of their own. Visa, Ma...
Spark, Uniswap and Sky: Building the FX Layer for stablecoins
How programmable liquidity is creating the next generation of stablecoin market infrastructure Everyone is focused on launching stablecoins: PayPal launched PYUSD. Ripple launched RLUSD. Revolut, Deel and Robinhood are all exploring stablecoin initiatives or related infrastructure. In Europe, a consortium of major banks including ING, BBVA and BNP Paribas is working towards a regulated euro stablecoin. In Japan, MUFG, Mizuho and SMBC are exploring stablecoin initiatives of their own. Visa, Ma...
A New Path from Custody into On-Chain Credit Markets
Spark is now available via BitGo, enabling institutional capital to be deployed into on-chain credit markets through structured allocation.
A New Path from Custody into On-Chain Credit Markets
Spark is now available via BitGo, enabling institutional capital to be deployed into on-chain credit markets through structured allocation.
Spark Q1 2026 Financial Report
Dear Spark community, Below is the Q1 2026 financial report.1. Executive SummarySpark closed Q1 2026 in a profitable position. The quarter was characterized by a shift in revenue composition, with distribution rewards emerging as the protocol’s largest net return contributor, reflecting the continued scaling of USDS distribution infrastructure across multiple chains and products. The Spark Liquidity Layer maintained disciplined capital allocation across a diversified venue set under tighter s...
Spark Q1 2026 Financial Report
Dear Spark community, Below is the Q1 2026 financial report.1. Executive SummarySpark closed Q1 2026 in a profitable position. The quarter was characterized by a shift in revenue composition, with distribution rewards emerging as the protocol’s largest net return contributor, reflecting the continued scaling of USDS distribution infrastructure across multiple chains and products. The Spark Liquidity Layer maintained disciplined capital allocation across a diversified venue set under tighter s...
