Foresight News
Foresight News|Sep 25, 2025 14:07
[PayPal's PYUSD Integrated into SparkLend, Aiming to Expand Liquidity to $1 Billion] Foresight News reports that PayPal has partnered with decentralized finance platform Spark, integrating the Paxos-issued, USD-pegged PYUSD into Spark's lending platform SparkLend. Currently, $100 million has been deposited. This integration enables users to supply and borrow PYUSD, with liquidity supported by Spark's $8 billion stablecoin reserve pool, aiming to expand PYUSD liquidity to $1 billion. Previously, Spark deployed $630 million in on-chain Bitcoin-backed loans to Coinbase. David Weber, Head of PayPal's PYUSD ecosystem, stated: "As DeFi's total value approaches $150 billion, platforms like Spark are crucial for driving PYUSD to become a cornerstone of DeFi with deep liquidity."
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