Overview

• About $100 million in PYUSD deposits are live at launch on SparkLend, with a stated plan to reach $1 billion in the coming weeks.
• The integration enables users to supply and borrow PYUSD on-chain, enhancing composability across lending markets and other DeFi protocols.
• PayPal’s David Weber said platforms like Spark are key to building deep liquidity as DeFi’s total value nears roughly $150 billion.
• Spark contributors frame the effort as a DeFi-native alternative to market‑maker incentives, aiming for stable depth at transparent borrowing costs.
• PYUSD, issued by Paxos and pegged to the U.S. dollar, is vying with USDT and USDC as global stablecoin supply has risen by roughly $30 billion in recent months.