Spark integrates PayPal USD into its stablecoin lending markets
PayPal has teamed up with Spark to boost PYUSD liquidity, with deposits already topping $135 million on the decentralized finance (DeFi) lending protocol.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
PayPal has teamed up with Spark to boost PYUSD liquidity, with deposits already topping $135 million on the decentralized finance (DeFi) lending protocol.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Aave Labs, Kamino and Veda submit DeFi lending legal framework to the SEC
The submission could pave the way for clearer DeFi regulations, potentially boosting market liquidity and attracting institutional...
Binance Sees Deposits Overtake Withdrawals as It Covers 95% of Stolen Assets
The update comes as the exchange expands withdrawal access across multiple blockchain networks and reports replenishing approximat...
Standard Chartered’s Geoff Kendrick forecasts 50x growth in non-stablecoin onchain assets
The projected growth in non-stablecoin onchain assets could significantly boost DeFi infrastructure, contingent on regulatory clar...
Ripple and Water.org Expand Stablecoin Work as Aid Payments Move Faster
TL;DR Ripple announced an expanded Water.org partnership in late October. The work includes payments, stablecoin settlement and di...
HKMA Pilot Lets Banks Settle Tokenized Deposits Nights and Weekends in Central Bank Money
Banks in Hong Kong can now settle tokenized deposit transactions with one another 24 hours a day, seven days a week, using tokeniz...
TRON leads stablecoin transfers with $19.4 billion in USDT volume in a single day
TRON's dominance in stablecoin transfers highlights its critical role in the crypto ecosystem, but reliance on USDT poses concentr...