According to BlockBeats, on June 25, Spark and Uniswap jointly launched FX Layer, a stablecoin exchange system designed to support trading between dollar-pegged tokens for institutions with minimal slippage.


The system creates a shared liquidity pool for stablecoin issuers to access.
Spark will transfer 150 million USD from its USDS ecosystem to Uniswap v4 to establish liquidity infrastructure supporting swaps between USDS, Tether's USDT, and PayPal's PYUSD.
FX Layer operates on Uniswap v4 as a common liquidity and trading infrastructure, allowing banks, fintech companies, and payment service providers to access a unified system instead of having to build individual pools and manage separate inventories.
SPK-0.92%
UNI-1.58%
USDS0.02%
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