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Spark Moves To Uniswap For Stablecoin FX
Spark and Uniswap will be working for a decentralized liquidity stablecoin hub.
Onchain stablecoin FX is improving (Fujiphilm / Unsplash)
Spark is coming to Uniswap.
The platform for stablecoin savings is moving a large chunk of its stablecoin liquidity to Uniswap, where it will be aiming to create a new hub for swapping different currency stablecoins onchain.
This is taking place on Uniswap v4 and will be moved to DualPool.
According to Uniswap's blog, the decentralized protocol is handling up to 60% of stablecoin to stablecoin conversion volumes onchain right now.
These developments show that solutions are moving beyond stablecoin savings and cross-chain swaps for native tokens, and towards an easier stablecoin FX that institutions can also embrace as liquidity fills up.
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