PayPal Taps Spark to Boost PYUSD Liquidity by $1B Through DeFi Lending
PayPal and decentralized finance platform Spark have teamed up to grow liquidity for PYUSD$0.9993 onchain, aiming to scale deposits from $100 million today to $1 billion in the weeks ahead. PYUSD, issued by Paxos and pegged to the U.S. dollar, was recently onboarded to SparkLend, Spark’s lending marketplace. The integration gives users the ability to supply and borrow PYUSD, with liquidity supported by Spark’s $8 billion stablecoin reserve pool. This approach contrasts with traditional liquidity programs that rely on expensive market-maker incentives, instead offering predictable depth at set borrowing costs. “Predictable access to deep liquidity is what allows stablecoins like…