PayPal's PYUSD has been integrated into SparkLend, with plans to expand liquidity to 1 billion USD.

Foresight News reported that PayPal has partnered with the decentralized finance platform Spark. PYUSD, issued by Paxos and pegged to the US dollar, has recently been integrated into Spark's lending platform, SparkLend, with $100 million already deposited. This integration allows users to supply and borrow PYUSD, with liquidity supported by Spark's $8 billion stablecoin reserve pool. There are plans to expand PYUSD liquidity to $1 billion.

Spark had previously deployed $630 million in on-chain Bitcoin-backed loans to a certain exchange. David Weber, Head of the PayPal PYUSD ecosystem, stated: "As DeFi's total value approaches $150 billion, platforms like Spark are crucial for driving PYUSD to become a deeply liquid cornerstone of DeFi."