Spark’s RLUSD/USDS pool processes $453M in 30 days

The RLUSD/USDS pool on Uniswap v4 moved approximately $453 million between September 20 and October 19, 2026. That volume came across 2,410 transactions. About 65.5% of the flow traced back to yield strategies, lending activity, or exchange wallets. Some $167 million of the volume was linked to yield and loan activity. Another $130 million moved through exchange-wallet routes. Spark’s own liquidity management accounted for only about 4% of the volume. The remaining 30.5% of volume is unclassified. The pool sits inside Spark’s Stablecoin FX Layer, which launched on June 25, 2026. The setup uses USDS as a base pair on Uniswap v4, so stablecoins can be swapped through a common hub, allowing newer stablecoins like RLUSD to plug into existing liquidity without building isolated pools from scratch. The pool topped $600 million in its first week and crossed $1 billion in cumulative volume in less than a month, averaging around $40 million a day. The broader FX Layer has processed more than $12 billion in cumulative volume across all of its transactions. Spark has a planned $375 million deployment for RLUSD integrations, including a $250 million partnership with Sentora. USDS had total val...