Spark Integrates PayPal USD to Boost Liquidity in Stablecoin Lending

PayPal USD (PYUSD) is rapidly gaining traction in decentralized finance, with SparkLend recording over $135 million in deposits since its launch. The integration underscores PYUSD's expanding utility beyond centralized platforms into DeFi markets.

SparkLend, part of the Spark Liquidity Layer, now supports PYUSD after a rigorous risk assessment. The platform boasts over $8 billion in stablecoin reserves, providing robust liquidity for the newly added asset. Yield-bearing tokens issued through Spark Savings allow depositors to earn protocol-generated revenue.

The stablecoin market approaches $300 billion as demand for yield-generating assets grows. PayPal's selection of Spark highlights the protocol's capability to deploy capital efficiently across DeFi ecosystems.