'Every Major Bank Is Going To Launch A Stablecoin'—Spark Taps BitGo

The article says Spark is integrating its Spark Savings product into BitGo, allowing BitGo clients holding USDC or USDT to earn yield without leaving qualified custody. The move targets institutional stablecoin balances sitting idle in custodial accounts, where users can lose treasury-rate income. Spark positions the product as a treasury tool rather than a yield farm, emphasizing instant withdrawals and no lockup. The piece frames this as part of a broader stablecoin and banking competition: Spark’s CEO argues major banks will eventually launch their own stablecoins, while U.S. legislation such as the GENIUS Act and the pending CLARITY Act shapes whether stablecoin rewards can be paid by third parties. The article also highlights Spark’s scale, with billions in savings and lending TVL, and suggests the BitGo integration could be a test case for institutional adoption of stablecoin yield products.