Spark migrates $150M in stablecoin to Uniswap to advance shared liquidity
Spark has moved about $150 million in stablecoin liquidity into two Uniswap v4 pools on Ethereum, pairing USDS with PYUSD and USDT. The deployment is the first phase of a “Stablecoin FX Layer” designed to build shared stablecoin liquidity onchain and reduce the need for issuers, banks, and fintechs to maintain separate liquidity networks. Spark plans to expand this with Uniswap v4 programmable tools, including a Shared Liquidity Layer and a DualPool hook, which would route idle capital into approved yield or liquidity strategies. That later system still needs security review and testing. The move aligns with bullish views on Uniswap’s role as tokenized assets and DeFi activity grow, and follows broader institutional interest in bringing tokenized funds and assets onto decentralized trading venues.
