PayPal's PYUSD Savings Vault on SparkLend Targets $1B in Deposits
PayPal has launched the PYUSD Savings Vault on SparkLend, aiming to increase stablecoin deposits to $1 billion, according to reports. The PYUSD Savings Vault generates returns by deploying deposits in lending strategies on SparkLend. The development represents PayPal's continued efforts in the stablecoin market.
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