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.
Variant Relationship
Spark Savings USDC (spUSDC) is modeled as a savings variant of USD Coin (USDC). 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 USDC is an ERC-4626 savings wrapper that lets USDC holders access the Sky Savings Rate without manually converting into USDS first. Deposits route through Spark's PSM and savings machinery, so the share price appreciates against USDC while the base exposure still...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 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 Jun 12, 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.