Spark Announces PT-USDS Integration with Morpho Spark DAI Vault to Advance Structured Deployment of Stablecoin Fixed Income Assets

Odaily Planet Daily News Spark and Pendle officially cooperated to launch the fixed-income asset PT-USDS, and announced that it has been successfully deployed to the Morpho Spark DAI Vault. This move marks a key step in Spark's structured deployment of stablecoin-driven fixed-income assets, and also provides DeFi users with a more capital-efficient leverage operation tool. USDS is a stablecoin issued and supported by Sky Protocol, anchored to the value of real-world assets. Through the Pendle protocol, the future income of USDS can be split into PT (Principal Token) representing the principal and YT (Yield Token) representing the income, realizing the free combination and flexible configuration of the income structure. The launch of PT-USDS further expands the range of collateral assets on the Morpho platform, providing users with more possibilities for allocating leverage and income strategies between multiple protocols. As mainstream DeFi lending protocols continue to support PT assets as collateral, on-chain leverage income strategies have gradually become an important configuration direction for high-net-worth users and institutional investors. As one of the key infrastructures in this field, Morpho is the first to provide support for PT assets, establish a stable and flexible capital circulation mechanism, and accelerate the widespread application of fixed-income assets in the DeFi market. Spark will continue to promote the deep integration of stablecoins and DeFi fixed-income markets, and is committed to building a more transparent, efficient, and composable on-chain financial infrastructure to create a robust and diversified income solution for users.