Summary
- PayPal said it has formed a partnership with Spark to strengthen PYUSD's liquidity.
- PYUSD has secured over $135 million in deposits since being added to SparkLend, and its use has been steadily expanding.
- The cooperation aims to expand the PYUSD ecosystem and attract more DeFi users.
On the 25th (local time), according to cryptocurrency-focused media Cointelegraph, PayPal has formed a partnership with DeFi (decentralized finance) protocol Spark to strengthen the liquidity of its stablecoin PYUSD.
Since being added to SparkLend last August, PYUSD has secured over $135 million in deposits and its use has been steadily expanding.
The cooperation aims to accelerate the expansion of PYUSD's ecosystem and support more DeFi users in using PYUSD in liquidity pools.
JH Kim
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