I’m thrilled that Spark was selected as a Robinhood Chain Day 1 launch partner with Spark Savings USDG (spUSDG) to export the USDS savings rate to Robinhood’s 28 million users. Spark Savings lets users deposit stablecoins and earn yield from Spark's liquidity deployments across DeFi, CeFi and TradFi, enabling fintechs to launch native stablecoin earn products without building liquidity infrastructure from scratch. We're already live with spUSDC, spUSDT, spPYUSD and spETH, with spUSDG representing the next step. As mentioned in my post last week, we are moving to a world where exchanges, fintechs, and banks are converging on “Everything Apps”. The pattern is becoming clear with a centralized exchange component, a blockchain component, and a stablecoin. As the primary liquidity tranche in the Robinhood Earn program, Spark will hold large amounts of USDG on its balance sheet. This otherwise idle USDG can be put to work inside the Stablecoin FX Layer on Uniswap to pair against USDS, which in turn provides deeper shared liquidity to USDC/USDT/PYUSD. This launch is a significant event because it marks the first integration of a mid-cap stablecoin into a US fintech's earn program. This exposes the stablecoin to Robinhood’s sizable distribution, making USDG a serious contender in the stablecoin space. As payments, savings and lending continue to move on-chain, swap volume between stablecoins is going to increase drastically, and the Stablecoin FX Layer is best suited to absorb this coming demand surge.