PayPal Teams Up With Spark to Boost USD Stablecoin Liquidity
PayPal has teamed up with Spark to bolster liquidity for its USD-backed stablecoin, PayPal USD (PYUSD). The collaboration aims to expand PYUSD's reach, accelerate its adoption, and strengthen its role in decentralized finance.
PYUSD was recently introduced on the Stellar network, gaining access to additional wallets and platforms. The PayPal-Spark partnership seeks to build on this momentum, positioning PYUSD as a key asset within the DeFi ecosystem.
Spark's approach to stablecoin expansion involves structured bootstrapping, risk assessments, and strategic capital allocation to support liquidity. This method has proven successful, with PYUSD's integration into SparkLend already attracting over $100 million in deposits, projected to reach $1 billion. Spark has demonstrated its ability to manage liquidity at scale, having deployed $630 million in on-chain Bitcoin-backed loans to Coinbase.
The stablecoin sector has witnessed renewed growth, with the overall supply increasing from $235 billion to $263 billion in the past three months. The PayPal-Spark collaboration is expected to help PYUSD penetrate new markets swiftly while maintaining compliance standards, further driving the stablecoin sector's expansion.
Read also:
- Musk threatens Apple with litigation amidst increasing conflict surrounding Altman's OpenAI endeavor
- Transitioning to Electric Vehicles Places Heavy Demand on Power Grids
- E-mobility continues its progress after a decade since the scandal, staying on course
- Türkiye's August 2025 Trade Deficit Falls 15.8% Despite Export Drop
