Spark Savings USDT vault nearly doubled its deposits to $600 million within two weeks, driven by an integration with the OKX app that allows users to earn yield on USDT directly inside the exchange without extra steps. The vault is a non-custodial stablecoin product offering variable yields from lending activities, with current APYs around 3% to 3.75%, down from earlier peaks above 4%. This growth highlights increased user engagement and easier access, though yields may continue to compress if deposits outpace borrowing demand. The vault operates on Ethereum and other chains, emphasizing security through smart contracts and liquidity buffers tested during market stress in April 2026.
The Spark Savings USDT vault reached nearly $600 million in deposits, almost doubling in two weeks. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Oct 07, 2026 16:21 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell today. Notable movers include EOS with an 8.13% gain, EGLD down 8.73%, and UNI down 8.61%. Prices were Rp12.649 for EOS, Rp72.880 for EGLD, and Rp144.860 for UNI.
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