Spark Savings USDT (spUSDT) stablecoin analytics
spUSDT is Spark's yield-bearing USDT wrapper for Spark Liquidity Layer allocations, accruing protocol-set returns from SLL deployment routes.
Static Profile
Static stablecoin profile
Spark Savings USDT (spUSDT) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
Variant Relationship
Spark Savings USDT (spUSDT) is modeled as a savings variant of Tether (USDT). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
AI summary / Updated Jun 12, 2026
Spark Savings USDT is the Tether-denominated version of Spark's savings passthrough into the Sky Savings Rate. The wrapper gives USDT holders a rising share price, but the risk stack is not just Spark: it inherits Tether issuer exposure, Spark vault mechanics, Sky governance...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 2026
- Collateral
- USDT deposited into Spark Savings Vault V2 (ERC-4626 asset=USDT); idle USDT is taken by the Spark Liquidity Layer into SparkLend, Morpho, and other supported yield strategies, with Spark docs framing V2 USD vaults as economically backed by USDS / Sky balance-sheet liquidity for redemptions.
- Peg Mechanism
- Users deposit USDT into Spark Savings Vault V2 and receive spUSDT; a permissioned Spark Liquidity Layer taker deploys idle USDT into yield strategies while share value accrues via the vault savings rate (vsr), not the Sky Savings Rate or legacy sUSDC path.
- 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 Jun 12, 2026.
spUSDT quick answers
What is Spark Savings USDT (spUSDT)?
spUSDT is Spark's yield-bearing USDT wrapper for Spark Liquidity Layer allocations, accruing protocol-set returns from SLL deployment routes. The static profile records its US Dollar peg mechanism as: Users deposit USDT into Spark Savings Vault V2 and receive spUSDT; a permissioned Spark Liquidity Layer taker deploys idle USDT into yield strategies while share value accrues via the vault savings rate (vsr), not the Sky Savings Rate or...
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.
What backs spUSDT?
Pharos classifies spUSDT backing as Crypto-Collateralized. Collateral, per the static profile: USDT deposited into Spark Savings Vault V2 (ERC-4626 asset=USDT); idle USDT is taken by the Spark Liquidity Layer into SparkLend, Morpho, and other supported yield strategies, with Spark docs framing V2 USD vaults as economically backed... 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.