• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
The Aave community approved the integration of the PYUSD stablecoin from PayPal

The Aave community approved the integration of the PYUSD stablecoin from PayPal

user avatar

by Max Nevskyi

2 years ago


The DeFi platform Aave's community has expressed support for the integration of the stablecoin PYUSD, issued by PayPal. This decision was backed by 99.99% of voting participants, ensuring the necessary quorum. The voting started on December 18 and concluded on January 11. The initiative emerged after the decentralized exchange Curve added PYUSD to its listing in December.

The proposal's author, Trident 15, explained that the integration fosters synergy between PYUSD and other assets, particularly with Aave's decentralized stablecoin GHO. It also implies maintaining high yields and creating demand for PYUSD loans on the AAVE platform. If approved, Trident 15 plans to contribute between 5 to 10 million dollars in liquidity to the pool.

PYUSD's market capitalization is 289.7 million dollars, marking a 71.9% growth over the last month. This asset ranks 12th in the stablecoin rankings, closing in on Paxos's USDP with a capitalization of 367.1 million dollars. Aave, in turn, is the third-largest DeFi project with a total value locked (TVL) of 6.26 billion dollars.

In November, the Aave Companies team, behind the development of the Aave DeFi platform, underwent a rebranding, changing its name to Avara. Earlier, Aave had suspended some operations due to a vulnerability discovery but assured that users' funds remained safe.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Hong Kong SFC Launches Fundraising Campaign for Tai Po Fire Victims

chest

The Hong Kong Securities and Futures Commission (SFC) has launched a fundraising campaign to support the victims of the Tai Po fire, collaborating with local financial institutions and cryptocurrency firms, including Binance.

user avatarMaria Fernandez

Whales Sell Bitcoin at Loss While Mega Whales Accumulate

chest

A significant Bitcoin whale sold 500 BTC at a loss, while mega whales took advantage of the market decline to accumulate more BTC.

user avatarGustavo Mendoza

Institutional Interest in Ethereum Surges with 35 Billion in ETF Volume

chest

Institutional investors showed increased interest in Ethereum, with spot ETFs registering about 35 billion in trading volume in November 2025.

user avatarRajesh Kumar

Binance Leads Ethereum Trading with 198 Billion Volume in November

chest

Binance emerged as the leading platform for Ethereum trading, recording approximately 198 billion in spot trading volume in November 2025.

user avatarMiguel Rodriguez

AAVE Approaches Key Weekly Support Level

chest

AAVE is approaching the key weekly support level of 150, which may influence future price movements and market sentiment.

user avatarLuis Flores

Increased Risks for Crypto Investors on Black Friday

chest

Black Friday presents higher risks for crypto investors due to increased scams and phishing attempts. Investors are advised to be vigilant and follow safety measures.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.