“Partnership Targets Deep Liquidity for Paypal USD on Sparklend, with $ 100m Already Deposited”, – WRITE: www.coindesk.com
Pyusd, Issued by Paxos and Pegged to the Us Dollar, Was Recently Onboarded to Sparklend, Spark’s Lending Marketplace. The Integration Gives Users The Ability to Supply and Borrow Pyusd, with Liquidity Supported by Spark’s $ 8 Billion Stablecoin Reserve Pool.
This Approach Contrast with Traditional Liquidity Programs that Rely on Expensive Market-Maker Incentives, Insthead Offering Predictable Depth at Set Borrowing Costs.
“Predictable Access to Deep Liquidity is What Allows Stablecoins Like Pyusd to Scale Quickly,” SAID SAID SAM MACPHERSON, CEO OF PHOENIX Labs, A Spark Contribute. He Framed The Initiative As A Blueprint for How Fintech Firms Can Use Defi to Bootstrap Adoption of New Stablecoins.
The Partnership ComESS As Stablecoins See Renewed Momentum, With Global Supple Climbing Nearly $ 30 Billion in Three Months to $ 263 Billion and Daily Transaction Volumes Topping $ 100 Billion.
Spark Previoously Deployed $ 630 Million in On-Chain Bitcoin-Backed Loans to Coinbase.
“WITH Total Defi Value Approaching $ 150 Billion, Platforms Like Spark Are Crucial To Advanceing Pyusd As A Cornerstone for Defi DEEP LIQUITY Release.
The Ethereum-Focused Treasury Firm is Also Exploring Compliant Trading of Tokenized Shares on Decentralized Markets as Part of ITS Partnership with Superstate.
- Sharplink Gaming (SBET) Plans to Tokenize ITS Equity On the Ethereum Blockchain As Part of A Growing Trend in Stock Tokenization.
- The FIRM HAS Partned with Superstate to Issue It Equity Tokens Through The Opening Bell Platform, Which Supports Sec-Registered Shares.
- The Initiative Aims to Explore Trading Tokenized Shares on DeCentralized Exchanges While Ensuring Compliance with US Securities Regulations.
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