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      Spark Launches USDT Savings Vault for OKX Users

      Spark, an on-chain capital allocation platform, has introduced its USDT savings vault to users of OKX, a centralized cryptocurrency exchange. This initiative allows OKX customers to earn on-chain yield on their stablecoin holdings directly within the OKX app, facilitating a seamless experience without the need for users to open a separate wallet or bridge their funds. The deposits are aggregated and routed into Spark Savings USDT on X Layer, OKX's Ethereum Layer 2, where they are held in a shared vault contract accessible to all X Layer users.

      The savings vault offers a yield of 3.5%, matching the rate set for Spark's Ethereum USDT vault. Spark has established a supply cap of 750 million USDT for the X Layer vault, with a maximum yield potential of 6%. Currently, the vault holds approximately $361 million in USDT deposits, primarily on the Ethereum network. Spark aims to maintain a liquidity buffer on X Layer, ensuring that instant withdrawals can be accommodated.

      This new product is available to eligible OKX users globally, excluding those in the European Economic Area and other restricted jurisdictions. Spark's governance approved the deployment of the USDT savings vault in July, with the service going live shortly thereafter. The collaboration between Spark and OKX is expected to enhance user access to decentralized finance (DeFi) opportunities, with both companies considering further integrations in the future.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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