Spark’s Stablecoin FX Layer Records $12 Billion in Trading as RLUSD Joins
Spark said in Singapore on September 23, 2026, that its Stablecoin FX Layer had processed more than $12 billion in cumulative trading volume less than three months after launch. The system uses USDS as a common liquidity base for trading between stablecoins. RLUSD has joined through an RLUSD/USDS ma
Korea IT Times reports that Spark's Stablecoin FX Layer has processed over $12 billion in trading volume less than three months after its launch. The system utilizes USDS as a common liquidity base for trading between stablecoins, with RLUSD recently joining through an RLUSD/USDS market on Uniswap v4. Spark is also expanding its use to lending and capital allocation, targeting a $250 million RLUSD vault on Morpho in partnership with institutional DeFi platform Sentora.
Additionally, a $50 million Uniswap liquidity pool comprising RLUSD and USDS has been established. Spark has deployed $100 million to support RLUSD lending through SparkLend. The RLUSD/USDS market alone processed more than $600 million in trading volume during its first week. The FX Layer connects USDT and PYUSD to the network through markets paired with USDS, potentially reducing the need for separate markets between every pair of stablecoins.
Brief written by urgent.news from Korea IT Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
