TechFlow News, June 25: According to The Block, Spark has partnered with Uniswap to launch the stablecoin exchange system “FX Layer,” designed to provide shared liquidity and exchange infrastructure for stablecoin issuers—including banks, fintech companies, and payment institutions—to improve exchange efficiency among different USD-pegged stablecoins and reduce slippage.
As part of the initial liquidity deployment, Spark will migrate $150 million from its USDS ecosystem to Uniswap v4 to support liquidity pools for USDS, USDT, and PYUSD. This initiative aims to address liquidity fragmentation and suboptimal exchange efficiency faced by institutions amid the parallel development of multiple stablecoins.
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