Why Spark Is Betting $100 Million on Crypto When T-Bills Are a Total Snooze Fest!
In case you missed it, Spark has decided to shuffle a chunk of its $9 billion USDS stablecoin reserve into Superstate’s fancy-pants Crypto Carry Fund (USCC). This fund isn’t about fancy jargon and Wall Street mumbo jumbo – it’s all about making those juicy profits by capitalizing on the price difference between crypto assets like Bitcoin (BTC) and Ethereum (ETH) and their futures contracts on the CME. Talk about playing the long game! 🤑