Spark Finance’s Savings USDG earns an A risk rating from Credora Network

On June 29, 2026, Credora awarded Spark Savings USDG, known onchain as spUSDG, an A risk rating. The designation signals a low Probability of Significant Loss, or PSL, which Credora calculates at below 0.5% for spUSDG. What the rating actually measures Credora’s methodology runs Monte Carlo simulations against on-chain data, stress-testing collateral composition, liquidity depth, and governance structure before assigning a standardized grade. The A grade puts spUSDG in the same tier as other Spark Savings products Credora has assessed, including PYUSD-backed and USDS-backed vaults, which received similar A and A-minus ratings as of the same date. Credora’s framework deliberately excludes general market volatility from its PSL calculation. The metric is designed to isolate structural risk, not the noise of price swings. Credora launched its consensus ratings protocol in February 2025, and the framework gained significantly more infrastructure reach after RedStone acquired Credora in September 2025. That acquisition wired Credora’s ratings directly into both Spark and Morpho platforms. What spUSDG actually is Spark Savings USDG is a yield-bearing vault built on the ERC-4626 standard....