Written by Ezra Reguerrastaff writerReviewed by Robert Lakinstaff editor
Written by Ezra Reguerrastaff writer
Reviewed by Robert Lakinstaff editor
Spark migrates $150M in stablecoin to Uniswap to advance shared liquidity
Latest NewsPublishedJun 25, 2026
Spark deployed approximately $150 million across two Uniswap v4 pools on Ethereum, while its DualPool hook and Shared Liquidity Layer are planned for later phases.
Decentralized finance (DeFi) protocol Spark has deployed approximately $150 million in stablecoin liquidity across two Uniswap v4 pools on Ethereum as part of a collaboration aimed at creating shared liquidity and exchange infrastructure for stablecoin issuers.
A Spark spokesperson told Cointelegraph that the initial deployment is live in two pools pairing USDS with PayPal USD (PYUSD) and USDT, with USDS serving as the foundation. Spark described the deployment as one of the largest automated market maker (AMM) liquidity migrations in DeFi.
“These pools represent the initial deployment of approximately $150 million of liquidity and establish the first phase of the Stablecoin FX Layer,” the spokesperson stated. “This initial deployment focuses on bootstrapping shared liquidity on Uniswap v4.”
Earlier this month, Standard Chartered identified Uniswap as a potential beneficiary of tokenized assets moving into DeFi. It forecast that total assets held in DeFi could reach $2.7 trillion by 2030, with Uniswap potentially emerging as a liquidity venue for the growing market.
The deployment revealed Thursday lays the groundwork for a planned programmable liquidity system that could reduce the need for banks, financial technology firms and stablecoin issuers to build separate liquidity networks while testing whether Uniswap can make onchain capital more efficient without weakening market depth.
Spark plans programmable liquidity expansion
Spark stated it plans to introduce its Shared Liquidity Layer and DualPool hook in subsequent phases using Uniswap v4’s programmable architecture to coordinate how liquidity is distributed across stablecoin markets.
A liquidity hook enables protocols to seamlessly integrate with platforms for capital access and developing yield and trading strategies.
Spark stated a hook is intended to allow capital not immediately needed for trades to be deployed into governance-approved products, liquidity venues and yield-generating strategies.
The implementation of the DualPool hook will go through a separate security review, testing and production-readiness process before deployment. The first phase uses standard Uniswap v4 pools rather than the planned programmable framework.
Related: Aave positioned to capture tokenized asset growth in DeFi: Standard Chartered
Spark stated the planned framework is intended to give future stablecoin issuers access to shared liquidity rather than requiring them to individually bootstrap pools, coordinate market makers and manage inventory across different venues.
The spokesperson told Cointelegraph that Spark is working with additional partners across the stablecoin ecosystem but is not yet ready to disclose those integrations.
Uniswap seen as winner as tokenized assets move onchain
In a June 15 note to clients, StanChart’s bank’s head of digital assets research, Geoff Kendrick, stated that tokenized treasures, equities, bonds and other assets could bring more trading activity and liquidity to decentralized exchanges as their DeFi utilize expands.
DeFi total value locked as of June 25. Source: DefiLlama
This new $150 million migration offers a more immediate test of StanChart’s infrastructure thesis, though it involves stablecoins rather than tokenized securities.
The migration also follows Uniswap’s push into institutional tokenized-asset trading. On Feb. 12, BlackRock stated it would bring its $2.1 billion tokenized Treasury fund, BUIDL, to Uniswap, allowing eligible institutional investors and market makers to trade the security through decentralized infrastructure.
Magazine: Japanese pension fund tips 1% in crypto, G7 urges action on NK hackers: Asia Express
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
- Stablecoin
- DeFi
- Uniswap
- DEX
- Liquidity
- Blockchain
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