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Crypto

Spark and Uniswap launch FX Layer institutional stablecoin swap infrastructure

Spark and Uniswap will jointly build FX Layer, a stablecoin swap system designed to help institutions move between dollar-pegged tokens with minimal slippage. FX Layer is positioned as shared liquidity and trading infrastructure based on Uniswap v4. It aims to let stablecoin issuers such as banks, fintechs and payments firms connect to a common system rather than build separate liquidity pools, market makers and inventory management systems.

Crypto

Stablecoin market share doubles as total crypto market cap halves

Stablecoins increased their share of the crypto market to 15 percent from 7.6 percent during an ongoing market correction, even as total crypto market capitalisation fell about 50 percent to around $2.1 trillion, a report showed. Stablecoin supply rose only 10.6 percent to $316 billion, with the shift driven mainly by a shrinking market rather than a surge in issuance. Tether’s USDT led growth, while concentration remained high.

Crypto

Ocero raises $13.5 million led by Sky for stablecoin yield infrastructure

Stablecoin yield infrastructure project Ocero has raised $13.5 million. The funding round was co-led by the Sky ecosystem and Plasma, with participation from USDT0, Maple, Accountable, Four Pillars, RedStone, The Rollup, and angel investors from Kairos Research. Ocero, backed by Stablewatch and Sorter Labs, offers products aimed at letting platforms attach Sky Savings Rate yields to services and enabling access across multiple chains.