Spark · 2026-11-04 14:27 UTC

USDS borrowing on SparkLend has crossed $1B. The balance has reached an all-time high in daily snapshots, at 5x its $200M level a year ago. USDS now accounts for ~40% of SparkLend's total borrowing. Over $800M of USDS borrowing is backed by ETH collateral and ~$120M by cbBTC, allowing borrowers to access stablecoin liquidity while retaining ETH and BTC exposure. Spark adjusts liquidity supply to accommodate large loans. It connects @SkyEcosystem's USDS liquidity to SparkLend. As demand for borrowing against collateral grows, the Spark Liquidity Layer can supply additional funding. Borrow USDS here:

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