Spark Savings USDT (spUSDT) stablecoin analytics
spUSDT is Spark's ERC-4626 savings wrapper of USDT; share price compounds the Sky Savings Rate via Spark PSM routing while exits draw on vault USDT liquidity.
Static Profile
Static stablecoin profile
Spark Savings USDT (spUSDT) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated May 15, 2026
the USDT share class for the Sky Savings Rate, layered over the same Spark PSM and Sky savings module as spUSDC. Spark Savings USDT (spUSDT) is the ERC-4626 V2 savings vault that translates the Sky Savings Rate into a USDT share class. The Ethereum vault holds about $1.19B of...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- USDT deposited into Spark's ERC-4626 savings vault V2, routed through Sky's PSM and savings rate to generate USDT-denominated yield
- Peg Mechanism
- Deposit USDT to mint spUSDT; the share price appreciates against USDT as the Sky Savings Rate accrues. Withdrawals burn spUSDT for USDT subject to Spark vault liquidity
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Snippet Answer
Is spUSDT safe?
Pharos does not mark spUSDT as absolutely safe. Static metadata says Spark Savings USDT 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 susdt-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.
spUSDT quick answers
What is Spark Savings USDT (spUSDT)?
spUSDT is Spark's ERC-4626 savings wrapper of USDT; share price compounds the Sky Savings Rate via Spark PSM routing while exits draw on vault USDT liquidity. The static profile records its US Dollar peg mechanism as: Deposit USDT to mint spUSDT; the share price appreciates against USDT as the Sky Savings Rate accrues. Withdrawals burn spUSDT for USDT subject to Spark vault liquidity
What backs spUSDT?
Pharos classifies spUSDT backing as Crypto-Collateralized. Collateral, per the static profile: USDT deposited into Spark's ERC-4626 savings vault V2, routed through Sky's PSM and savings rate to generate USDT-denominated yield Reserve evidence: live reserve feed configured.
Can spUSDT 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 spUSDT, when applicable, appear in the dossier below.