🚨 EXCLUSIVE: Spark’s stablecoin FX Layer has surpassed $12 billion in volume in under three months, with Ripple’s RLUSD now joining through a $375 million deployment. @hexonaut, co-founder and CEO of Spark, told AlphaWire the growth is being driven primarily by treasury capital rather than short-term “mercenary” liquidity chasing incentives. RLUSD’s $375M deployment is being split across three areas: • $250M for institutional capital deployment • $50M for RLUSD/USDS liquidity on Uniswap v4 • $100M to seed an RLUSD lending market on SparkLend MacPherson says the goal is to give stablecoins shared infrastructure across liquidity, capital allocation and credit instead of forcing each ecosystem to build everything from scratch. RLUSD/USDS alone traded more than $600M in its first week. alphawire.xyz/news/stablecoi…