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PayPal partners with Spark to expand PYUSD liquidity in DeFi
Crypto Trends

PayPal partners with Spark to expand PYUSD liquidity in DeFi

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PayPal has partnered with decentralized finance (DeFi) protocol Spark to expand liquidity for its US dollar stablecoin, PayPal USD (PYUSD). 

PayPal’s stablecoin has attracted more than $135 million in deposits since its August listing on SparkLend, a lending market focused on stablecoins, according to a Thursday statement.

SparkLend was launched in 2023 out of the MakerDAO ecosystem and later integrated into Maker’s successor entity, Sky. It runs the Spark Liquidity Layer, which is backed by more than $8 billion in stablecoin reserves, according to the protocol.

Staked stablecoins on Sparklend protocol. Source: DeFiLlama

Sam MacPherson, co-founder and CEO of Phoenix Labs, a core contributor to Spark, told Cointelegraph that PayPal chose Spark because it “is the only at-scale DeFi protocol that can actively deploy capital into other protocols.” He added:

“DeFi will be the rails for all finance in the future, so focusing on that makes a lot of sense as there is massive growth potential.”

Spark is a non-custodial lending protocol where users deposit stablecoins into Spark Savings and receive non-rebasing yield tokens. According to Messari, these tokens maintain a fixed balance but grow in value over time, with yields set by Sky governance and funded through protocol revenues.

PYUSD was added to SparkLend after passing the protocol’s risk assessments.  

Related: Aave, Sky float partnership to bridge DeFi, TradFi

Stablecoin market nears $300 billion

With Europe’s Markets in Crypto-Assets Regulation (MiCA) taking effect in January and US passage of stablecoin regulation with the Genius Act in July, the stablecoin market has been surging.

DefiLlama data shows the stablecoin market capitalization is nearing $300 billion, up over $90 billion since the start of the year.

Total Stablecoins Market Cap. Source: DefiLlama

Overall stablecoin growth has been matched by rising demand for yield-bearing stablecoins. Ethena’s USDe and Sky’s USDS have seen strong momentum, with USDe’s supply growing 70% and USDS expanding by 23% since July 18, when the Genius Act was signed into law.

In August, Coinbase revived its Stablecoin Bootstrap Fund to inject liquidity for USDC across DeFi platforms, including Aave and Morpho — though the exchange did not disclose the size of the fund.

A Binance Research report shared with Cointelegraph in September noted that as stablecoin adoption accelerates, “DeFi lending protocols are increasingly positioned to facilitate institutional participation.”

DeFi lending markets expanded by more than 70% year to date in September, with institutional demand cited as a key driver.

DeFi lending protocols, TVL, year-to-date chart. Source: Binance Research

The shift toward stablecoins that generate yield has been described as “stablecoin 2.0.” While “first-generation” tokens like Tether’s USDt (USDT) focused on digitizing the US dollar and putting it onchain, a “second generation” of stablecoins is seeking to create new utility by generating yield alongside liquidity.

Magazine: How Ethereum treasury companies could spark ‘DeFi Summer 2.0’



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PayPal Ventures Invests in Stable to Expand PYUSD Reach
NFT Gaming

PayPal Ventures Invests in Stable to Expand PYUSD Reach

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PayPal Ventures has invested in Stable to bring PayPal USD PYUSD$0.9998 to Stablechain, aiming to expand its distribution and make global payments faster and cheaper, according to a blog post Monday.

Stable’s blockchain, built for stablecoin transactions with sub-second finality and low fees, is designed to fix the infrastructure issues that have slowed adoption, the company said.

The size of the investment was not disclosed.

Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets, providing among other things a payment infrastructure, and are also used to transfer money internationally.

Tether’s USDT is the world’s largest stablecoin, followed by Circle’s (CRCL) USDC.

Both companies said the move will unlock new commerce use cases, particularly in emerging markets where dollar-based payments have the biggest impact.

With PYUSD now live on Stablechain, the partnership marks a step toward taking stablecoins beyond crypto-native use and into everyday payments and financial products, Stable said.

Read more: U.S. Stablecoin Battle Could Be Zero-Sum Game: JPMorgan



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NFT Gaming

PayPal Stablecoin Tops $1.3 Billion as PYUSD Expands to Tron, Avalanche

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In brief

  • LayerZero extended PYUSD’s presence to nine additional blockchains.
  • PYUSD0 tokens represent a bridged version of PayPal’s stablecoin.
  • The stablecoin had a market capitalization of $1.3 billion on Thursday.

PayPal’s PYUSD stablecoin expanded to nine new blockchains on Thursday after LayerZero, an interoperability protocol, unveiled additional support for the token in a blog post.

The stablecoin, which was introduced two years ago, can now be used on Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron, LayerZero said. The expansion was enabled through Stargate, a bridge connecting over 80 blockchains that was acquired by LayerZero last month.

PayPal’s first payment service debuted nearly a decade before Bitcoin’s first block was mined, but the firm has faced stiff competition within the cryptosphere. Stablecoin issuers Tether and Circle have had years to refine their products, but PYUSD is still fairly new.

Paypal’s stablecoin had a market capitalization of $1.3 billion on Thursday, according to crypto data provider CoinGecko. Although that represented an all-time high in terms of PYUD’s adoption, Tether and Circle’s stablecoins were worth $171 billion and $74 million, respectively.



PYUSD’s footprint may be relatively small, but it’s still among the top options for corporate users, according to a recent survey conducted by EY-Parthennon. Among respondents, 36% of corporations said they use PYUSD, making it more popular than Ethena’s USDe and Sky Protocol’s USDS. Both stablecoins have larger market capitalizations than PYUSD.

When bridged to various networks through Stargate, PayPal’s stablecoin is represented through PYUSD0 tokens. The dynamic mirrors wrapped Bitcoin, with funds moved outside its native ecosystem represented by tokens like WBTC and cbBTC.

“Innovations like this are essential for creating the seamless, interoperable financial infrastructure that users and developers demand,” David Weber, head of ecosystem for PayPal USD said in a statement, noting that the stablecoin sector recently grew past $270 million.

PayPal’s product is powered by LayerZero’s Omnichain Fungible Token (OFT) Standard. Tether’s USDT0 token uses the same infrastructure, as well as the Frontier Stable Token, a stablecoin introduced by the state of Wyoming last month.

Earlier this week, PayPal said that users would be able to make peer-to-peer payments in Bitcoin, Ethereum, and PYUSD using a new tool. The product, called PayPal Links, is expected to roll out in the U.S. first, while expanding to overseas markets in the coming months.

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Paypal Expands Pyusd Stablecoin To More Blockchains Via Layerzero
GameFi Guides

PayPal Expands PYUSD Stablecoin to More Blockchains via LayerZero

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PayPal is growing the reach of its digital dollar, PayPal USD (PYUSD), by bringing it to more blockchains. It’s working with LayerZero’s Stargate Hydra bridge to make the stablecoin easier to use across different crypto networks. PYUSD first launched on Ethereum and later expanded to Solana and Arbitrum, with Stellar added just recently.

According to the announcement, PayPal is introducing a permissionless version of the token PYUSD0, which will be available on Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron.

Existing bridged tokens on Berachain (BYUSD) and Flow (USDF) will also upgrade to PYUSD0. Hence, users can hold either PYUSD or PYUSD0 without friction since both remain fully fungible and interoperable across chains.

LayerZero confirmed on X thread,“With PYUSD0, PayPal and LayerZero are working to drive greater availability of PYUSD across blockchains,” the company said. This means new markets can access PYUSD faster with availability across over 140 supported networks.

PayPal built the first global digital payment network at the onset of the internet age. In 2023, they were the first major fintech company to launch a stablecoin with PYUSD.

With PYUSD0, PayPal and LayerZero are working to drive greater availability of PYUSD across blockchains. pic.twitter.com/CWOc2CP6sA

— LayerZero (@LayerZero_Core) September 18, 2025

In addition, developers acquire a compliant and dollar-backed stablecoin that can be integrated without so much trouble into their applications. Finally, the end-users benefit by having a smooth way to send, receive, and transfer the stabilizing value without relying on wire transfer centers.

Permissionless Access for Developers and Users

The new permissionless version allows any developer to integrate the stablecoin into their applications without needing specific authorization. With a current circulating supply of over $1.3 billion, according to DefiLlama, PYUSD is now positioned to reach a broader user base. The new integration with the Tron network, for example, gives the stablecoin access to an ecosystem with over 332 million user accounts.

David Weber, Head of Ecosystem at PayPal USD, noted, “As the stablecoin market continues its rapid growth beyond $270 billion, innovations like this are essential.” He explained that interoperability and compliance remain priorities from day one.

Bryan Pellegrino, CEO of LayerZero Labs, added, “Stablecoins are the killer app within the crypto ecosystem. With PYUSD0, PayPal USD expands its reach and flexibility.” He stressed that the move signals the start of a borderless and round-the-clock financial market.

Furthermore, the system brings together three infrastructure partners. Paxos issues PYUSD, Stargate enables transfer without slippage, and LayerZero ensures seamless distribution across blockchains. Consequently, anyone self-custodying PYUSD can now move it between blockchains with ease.

Earlier this week, PayPal also rolled out PayPal Links, a peer-to-peer payments feature. Crypto integration, including Bitcoin, Ether, and PYUSD, is expected soon across PayPal, Venmo, and other wallets. 

According to Yahoo Finance data, as of writing, PayPal’s stock (PYPL) trades at $68.78, marking a slight 0.24% increase.

Also Read: Plasma To Launch Mainnet Beta With $2B Stablecoins





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Bitcoin
GameFi Guides

PayPal Founder Drops Bombshell On Bitcoin Invention, Is It Above Society’s Understanding?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Over the last decade, Bitcoin has been considered one of the greatest inventions. Even though it began as a tech asset, BTC has gained significant mainstream attention, with prominent figures, large corporations, and even countries engaging the crypto king. BTC’s foray into the financial landscape was so monumental that Peter Thiel claims it broke the mold of society’s understanding.

Bitcoin Is Beyond Society’s Ability To Process

Bitcoin has experienced exponential growth since its inception, with many analysts calling it the biggest macro trade over the last 10 years. While it is believed that the Bitcoin story is still far from reaching its climax, Peter Thiel, a well-known billionaire and PayPal founder, has once again underscored the revolutionary power of the flagship cryptocurrency.

Trending Bitcoin on the social media platform X shared an interview where the billionaire evaluated the monumental introduction of BTC and its significance. In the interview, Thiel described BTC as an invention so massive that society has found it difficult to understand or process its implications.

The PayPal founder’s audacious statement suggests that the scale and transformative nature of Bitcoin go far beyond conventional banking, signifying a paradigm shift in the definition of freedom, trust, and value in the digital era.

BTC, in Thiel’s opinion, is likened to a Tax Stagnation, where the society finds it difficult to comprehend its implications. “I think Bitcoin was a big invention, and whether good or bad, it was a pretty big deal,” the founder added. His remarks emphasize not only Bitcoin’s function as an alternative asset but also its status as a social phenomenon that is upending established structures and changing the way people talk about money around the world.

According to the founder, BTC was systematically underestimated for at least the first 10 to 11 years and was available for trade within the time frame. Furthermore, the asset experienced a smooth upward move in the same time frame and did not get repriced all at once. 

Given that Bitcoin’s inception was monumental in a world where nothing big ever happens, Thiel stated that society had no way of processing it. He further drew a comparison to the historical launch of the Internet in 1989.

While it was launched in 1989, the project gained significant global adoption only in 1999. After analyzing BTC’s impact in the financial sector today, Thiel claims that the crypto king is witnessing the same explosive growth and recognition as the Internet in 1999.

A $200 Trillion Market Cap For BTC

Big investors and large firms continue to double down on Bitcoin. Amid this wave of institutional adoption, Michael Saylor, the founder of Strategy, has outlined the potential for BTC’s market cap to skyrocket. During a presentation, Saylor predicted that the BTC market cap could rise from a $2 trillion value to $200 trillion, representing a 100x growth.

Although at this audacious market value, BTC will still be lower than equity, real estate, and bonds, the chairman claims it will remain noticeable. Saylor has declared that Bitcoin is the emerging global asset and digital gold, which is probably 100 times better than Gold.

BTC trading at $113,899 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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