Sparkfi's sUSDS yield-bearing stablecoin is becoming the engine of DeFi growth this year!
The stablecoin market in 2025 is quietly entering a new era of stablecoins! With the Genius Act passed, JD is laying out stablecoins, etc., but don't forget that yields are the biggest lure! In this race, sUSDS and SparkLend have a golden partnership, reshaping capital efficiency worth billions of dollars! Why do I say that?
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From 0 to 10 billion, yield-bearing stablecoins are devouring the market!
Since the end of 2023, yield-bearing stablecoins have rapidly risen, with Q2 2025 data showing an overall market cap:
▪ Surpassing $10 billion
▪ Nearly tripling in one year
▪ Leading projects have begun to exceed traditional stablecoins in capital efficiency
This is not just a new narrative, but a real and rapidly growing demand🔥
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Sky's sUSDS is second only to Ethena's yield king
Among all yield-bearing stablecoins, sUSDS is quickly climbing to the top tier, as of now:
▪ Over $82 million in yields distributed to users
▪ Cumulative yield is second only to Ethena's sUSDe, ranking strongly in second place (data source: Stablewatch)
▪ Annual percentage yield (APY) has remained stable in the 5% - 8% range
The data behind this reflects a strong logic: sUSDS has turned yield into a magnet for user trust
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How do sUSDS and SparkLend amplify each other?
SparkLend is a natural yield amplifier for sUSDS, and sUSDS is also enhancing the ecological stability of Spark!
1|Users deposit USDS into Spark to receive sUSDS
▪ Users can enjoy DeFi savings rates without active operation
▪ sUSDS enters a yield mode, steadily producing returns of 5%-8%
▪ Users enter Spark, deposit USDS, and can mint yield-bearing sUSDS
2|As sUSDS deposits increase, Spark's collateral pool becomes more stable
▪ The growth of sUSDS brings continuous stablecoin liquidity to Spark
▪ Enhances the stability and diversity of the platform's collateral structure
▪ A safer lending environment → More borrowers → Higher platform utilization
3|As Spark's yields increase, sUSDS rates become more competitive
▪ Active lending and borrowing → Spark's yields increase
▪ Some of the yields are fed back to sUSDS → Increasing APY attractiveness
▪ High APY attracts more users → Continue to deposit USDS → Mint more sUSDS
All of this creates a powerful flywheel effect:
More deposits → Higher yields → Stronger demand → More deposits…
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What does this mean?
For users:
▪ sUSDS is a stablecoin choice that has both liquidity and yield
▪ Accessing through Spark becomes extremely simple, no need to change wallets or protocols
▪ Daily holdings are passively earning money, making it one of the easiest DeFi yield strategies to participate in
For Spark:
▪ Strengthens the health of the platform's capital pool
▪ Expands new user entry points (savings-type users)
▪ Improves overall capital efficiency, solidifying protocol competitive barriers
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In summary
This is the future of stablecoins, and it may be your next passive income! The combination of sUSDS and Spark is gradually defining:
What is a smarter way to use stablecoins? What is a more optimal yield curve in the eyes of long-termists?
I personally suggest re-evaluating your asset allocation, putting your USDS into Spark, exchanging it for your sUSDS, and then watching how this yield cycle self-reinforces and continues to rise!
@cookiedotfun @cookiedotfuncn #sparkfi @sparkdotfi $SPK
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