Overview

• PayPal and Spark unveiled the partnership on Sept. 25 with a target to lift PYUSD deposits from roughly $100 million to $1 billion.
• PYUSD is now live on SparkLend, where users can supply and borrow the token with liquidity supported by Spark’s stablecoin reserve.
• Spark says its $8 billion reserve is designed to scale stablecoin lending without relying on traditional market‑maker incentives.
• PYUSD, a dollar‑pegged token issued by Paxos, ranks ninth among stablecoins by market value, according to the latest reports.
• Stablecoin activity has accelerated, with global supply reported at $263 billion and daily volumes above $100 billion.