PayPal announced the launch of PYUSD Savings Vault on the decentralized lending protocol Spark, providing on-chain yield products for PYUSD stablecoin users. This yield is powered by the Spark Liquidity Layer and based on Sky Protocol's Sky Savings Rate, deployed through strategies such as SparkLend. PYUSD currently has a market capitalization of approximately $3.8 billion and is issued by Paxos, which recently obtained a U.S. OCC federal banking license. (The Block)
PayPal launches PYUSD on-chain yield product on the Spark protocol.
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