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DeFi News

Spark Taps Into Stablecoin Fragmentation

Spark Taps Into Stablecoin Fragmentation

Spark wants to move liquidity between USDT, USDC, and PYUSD as stablecoins become more fragmented. Sky's DeFi protocol is targeting institutions and Uniswap v4.

DeFi stands for financial services without the involvement of banks or other central parties.

Within DeFi, blockchain technology is used for services such as borrowing, lending, trading, and earning yield. Smart contracts automatically execute financial processes.