Spark and Uniswap jointly launch stablecoin exchange system "FX Layer"

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BlockBeats news, June 25, Spark and Uniswap jointly launch stablecoin exchange system "FX Layer".

Spark stated that it will migrate $150 million from its USDS ecosystem to Uniswap v4 to establish a "liquidity base" for swap pools supporting USDS, Tether's USDT, and PayPal's PYUSD.

FX Layer serves as shared liquidity and trading infrastructure on Uniswap v4, enabling multiple stablecoin issuers such as banks, fintech companies, and payment firms to access a common system instead of building and launching their own liquidity pools, market makers, and inventory management. Spark acts as the orchestration layer, deciding how to allocate, manage, and coordinate liquidity among different stablecoins, while Uniswap provides the programmable AMM architecture.

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