Spark Savings USDC (spUSDC) stablecoin analytics
spUSDC is Spark's ERC-4626 savings wrapper of USDC; share price compounds the Sky Savings Rate via Spark PSM routing while exits draw on vault USDC liquidity.
Static Profile
Static stablecoin profile
Spark Savings USDC (spUSDC) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated May 15, 2026
an ERC-4626 vault that routes USDC through Spark's PSM into the Sky Savings Rate, with on-chain withdraw bounded by PSM liquidity. Spark Savings USDC (spUSDC) is the ERC-4626 V2 savings vault that gives USDC holders direct exposure to the Sky Savings Rate without first...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- USDC deposited into Spark's ERC-4626 savings vault V2, routed through Sky's PSM and savings rate to generate USDC-denominated yield
- Peg Mechanism
- Deposit USDC to mint spUSDC; the share price appreciates against USDC as the Sky Savings Rate accrues. Withdrawals burn spUSDC for USDC subject to Spark vault liquidity
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is spUSDC safe?
Pharos does not mark spUSDC as absolutely safe. Static metadata says Spark Savings USDC uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety susdc-spark
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
spUSDC quick answers
What is Spark Savings USDC (spUSDC)?
spUSDC is Spark's ERC-4626 savings wrapper of USDC; share price compounds the Sky Savings Rate via Spark PSM routing while exits draw on vault USDC liquidity. The static profile records its US Dollar peg mechanism as: Deposit USDC to mint spUSDC; the share price appreciates against USDC as the Sky Savings Rate accrues. Withdrawals burn spUSDC for USDC subject to Spark vault liquidity
What backs spUSDC?
Pharos classifies spUSDC backing as Crypto-Collateralized. Collateral, per the static profile: USDC deposited into Spark's ERC-4626 savings vault V2, routed through Sky's PSM and savings rate to generate USDC-denominated yield Reserve evidence: live reserve feed configured.
Can spUSDC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for spUSDC, when applicable, appear in the dossier below.