CoinDesk·4 min read·medium
Why a DeFi platform ditched its consumer app to become the secret backend for tech giants
F
Francisco Rodrigues
✦AI Summary
Spark, a DeFi protocol affiliated with the Sky ecosystem, has abandoned its consumer-facing app to focus on providing backend liquidity and yield infrastructure for major fintech platforms. By leveraging Uniswap v4 hooks and strategic partnerships, Spark aims to become the primary layer for stablecoin interoperability as the market becomes increasingly fragmented.
Fintechs, exchanges and banking groups are increasingly launching their own dollar-linked tokens. Each issuer wants to keep users, reserves and transaction activity inside its own network as competition ramps up.
businesscryptotechnology
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