Uniswap launches hook for $43B stablecoin market
- Uniswap Labs has launched StablePair Hook for stablecoin trading on Uniswap v4.
- Stablecoin swaps on Uniswap reached US$43.4 billion in Q2.
- The new system changes fees as stablecoin prices move away from their targets.
Uniswap Labs has launched StablePair Hook, a new tool for stablecoin trading on Uniswap v4.
Stablecoin swaps reached US$43.4 billion on Uniswap during the second quarter.
“StablePair Hook gives traders consistent, predictable quotes on every swap, and LPs a bigger share of the value they create,” Uniswap Labs said.
The system replaces fixed fees with changing fees based on each pool’s price movement.
Trades that push prices away from their targets can pay no fee, while restoring trades use falling fees.
The first pools support USD Coin (CRYPTO:USDC), Tether (CRYPTO:USDT) and Global Dollar (CRYPTO:USDG) on Ethereum.
Uniswap has processed more than US$38 billion through v4 hooks, with over 90,000 hooks across 20 chains.
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