Spark Drives Bullish $12B Powerful 50% RLUSD Dominance

Spark Finance is emerging as the central liquidity provider for Ripple’s regulated stablecoin, supporting both sides of its largest spread out market without requiring the issuer to supply capital. On October 27, Spark announced that its Stablecoin FX Layer funds both sides of the RLUSD/USDS pool through its partnership with Sentora, enabling issuers to access liquidity without capital commitment. RLUSD holders can exchange for USDC in a single transaction using the FX Layer and Sky’s PSM on Uniswap, which has contributed to 150% asset growth since October 1 and accounts for about half of all RLUSD in Ethereum DEX pools.