EddieJayonCrypto
11 Jan 24
:Aave is in the process of voting to integrate PayPal's PYUSD stablecoin, with an overwhelming majority of AAVE token holders in favor of the integration. PYUSD, which has a market capitalization of $289 million, will be joining Aave's Ethereum-based pool, following a similar move by decentralized e...
Aave is currently voting to integrate PayPal's PYUSD stablecoin, with an overwhelming majority of AAVE token holders in favor of the integration. This follows a similar move by decentralized exchange Curve in December. PYUSD has a market capitalization of $289 million and will be joining Aave's Ethereum-based pool.
Aave is the world's third-largest decentralized finance protocol, with nearly $5 billion worth of crypto assets locked into its platform. Trident's proposal for integrating PYUSD aims to create synergies with AAVE's stablecoin and will contribute millions in liquidity for PYUSD on AAVE from day one.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.