Spark USDC (SUSDC)
CryptoScore Pro global score : 65/100 (computed on 2026-10-28)
Spark USDC (SUSDC) is a yield-bearing stablecoin token deployed on Ethereum, representing USDC deposits within Spark Protocol’s lending markets. Unlike traditional stablecoins like USDC or DAI, SUSDC embeds automated interest accrual directly into its value, functioning as a liquidity provider token for Spark’s ecosystem. Launched in August 2026, it targets DeFi users seeking passive yield on stablecoin holdings without manual compounding or complex yield farming strategies. Its utility lies in simplifying exposure to Spark’s lending rates—currently reflected in its 1.11 USD price premium over USDC—while maintaining near-par peg stability. The token’s design bridges the gap between stablecoin liquidity and yield generation, positioning it as a key instrument for Spark’s growing lending infrastructure, though its adoption remains nascent with a market cap of 205.7 million USD and limited trading volume (4.1 million USD in 24 hours). Technologically, SUSDC operates as a proxy token on Ethereum, leveraging Spark Protocol’s lending markets to distribute interest earned from USDC deposits. The underlying mechanism involves depositing USDC into Spark’s pools, where borrowers interact…
Scores by pillar
| Technology | 77/100 |
|---|---|
| Tokenomics | 75/100 |
| Team | 60/100 |
| Adoption | 68/100 |
| Liquidity | 23/100 |
| Compliance | 63/100 |
Market data
| Price | $1.11 |
|---|---|
| Market cap | $205.68M |
| 24h volume | $0 |
| Market cap rank | #213 |
| 24h change | 0% |
| 7d change | +0.22% |
| Blockchain | Ethereum |
| Sector | DeFi |
Analysis
SUSDC relies on a proxy token mechanism on Ethereum. It represents USDC deposits in Spark Protocol. Loan interest is integrated directly into the value of the token. This token is used to generate passive income without manual handling. It is used by DeFi participants to gain exposure to Spark lending rates.