Super excited for the era of programmable stablecoins. As an on-chain native protocol, Spark serves as the stablecoin liquidity layer for GENIUS-compliant stablecoins.
Stablecoin issuing platforms like
@Paxos and Bridge (
@Stablecoin) provide easy API access to mint/redeem new stablecoins like OUSD, USDG and PYUSD from more established ones like USDC/USDT.
This enables a new era of on-chain native stablecoin liquidity through the Stablecoin FX Layer, powered by USDS and Uniswap.
With only 180m deployed, the FX layer already accounts for 31% of total on-chain stable-stable volume. The payment settlement market is massive and will grow on-chain swaps exponentially as institutions such as Visa and card-issuing banks get comfortable.
It's time to think bigger.