As per BlockBeats, on October 24, DeFi lending protocol Spark announced the allocation of $100 million from its stablecoin reserves to Superstate's USCC fund (Crypto Carry Fund) to diversify its income. The fund generates returns through crypto futures-spot arbitrage. Previously, Spark earned income primarily through tokenized U.S. Treasury products like BlackRock BUIDL and Franklin FOBXX. Superstate stated that the USCC fund has achieved an annualized return of approximately 8.35% over the past 30 days, operates under a compliant framework, and currently has a TVL of around $411 million. The fund also manages USTB, a tokenized U.S. Treasury fund.
Spark Allocates $100M to Superstate's USCC Fund for Revenue Diversification
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