Aave Token Holders Vote to Integrate PayPal's PYUSD Stablecoin into Ethereum-based Pool
Aave, a decentralized lending and borrowing protocol, is conducting a governance vote to integrate PayPal's PYUSD stablecoin, with 99.98% of participating AAVE token holders in favor of the integration. The proposal was put forward by Trident Digital and aims to build synergies between PYUSD and Aave's decentralized multi-collateral stablecoin GHO. Trident has also pledged to contribute $5 million to $10 million in liquidity for PYUSD on Aave from day one, with the goal of creating organic borrowing demand for PYUSD on Aave.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What awaits the Ethereum ecosystem in 2025?
Ethereum's evolution towards user-friendly and interoperable Layer 2 solutions is crucial, with native interoperability and EIP-7702 poised to revolutionize security and UX.
5 most rapidly growing tokenization trends to watch for in 2025
Tokenization of real-world assets poised to reach $5 trillion by 2025, with real estate and bonds leading the surge.
US index futures extended losses, Nasdaq futures fell 2%
AI-driven DeFi application xPortal announces acquisition of German Web3 startup Alphalink
Trending news
MoreCrypto prices
More
