• 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

Ether ETFs Also Experience Significant Inflows

chest

Ether ETFs have seen significant inflows, peaking at $290 million earlier this week, indicating positive institutional interest despite late-week outflows.

user avatarMohamed Farouk

Spot Bitcoin ETFs See Record Inflows Amid Institutional Demand

chest

Spot Bitcoin ETFs have seen a record $142 billion in net inflows over the past week, driven by renewed institutional demand.

user avatarElias Mukuru

Utilizing Net Unrealized Appreciation Strategy in 2026

chest

The Net Unrealized Appreciation (NUA) strategy allows 401k participants holding employer stock to convert ordinary income tax liability into capital gains tax, resulting in significant tax savings.

user avatarMaria Fernandez

Understanding the Rule of 55 for Early 401k Access in 2026

chest

The Rule of 55 allows individuals aged 55 and older to access their 401k funds without penalty if they separate from service during or after the year they turn 55.

user avatarDiego Alvarez

Unlocking the Mega Backdoor Roth Strategy for 2026

chest

The Mega Backdoor Roth strategy allows high-income individuals to significantly increase their tax-free retirement savings.

user avatarKenji Takahashi

Mandatory Roth Catch-Up Contributions for High Earners Starting 2026

chest

Mandatory Roth catch-up contributions for high earners will be required starting in 2026, affecting those with prior year wages over $150,000.

user avatarGustavo Mendoza

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.