Spark joins forces with @PayPal to grow PYUSD supply by $1 billion within the coming weeks.
Having already reached 200m deposits, this milestone reflects both the demand for PYUSD and the effectiveness of Spark’s stablecoin bootstrapping framework.
By combining SparkLend with the Spark Liquidity Layer, Spark is providing a stablecoin bootstrapping toolkit that enables rapid scaling to billions.
Unlike token-incentive programs, the Spark Liquidity Layer can dynamically inject capital into SparkLend to reach a desired target allocation, leveraging the $8+ billion balance sheet of Sky.
This provides predictability and cost control for stablecoin issuers as they no longer need to rely on third-party LPs.
In addition to lending markets, the automated Spark Liquidity Layer can manage DEX liquidity across popular exchanges like Uniswap and Curve.
This enables truly institutional-scale transactions, allowing borrowers of PYUSD to execute large-scale swaps against USDC and USDT.
The success of PYUSD demonstrates how Spark supports stablecoin issuers through their bootstrapping phase, offering both infrastructure and liquidity.
Spark is building a foundation where new assets can thrive.
Institutional-Grade DeFi for everyone.
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