Fintech Giant PayPal’s Pyusd Stablecoin has recorded strong growth this week after a new partnership with Spark, an onchain capital allocator incubated by Sky (formerly Makerdao).
Spark announced the move yesterday and wants to stimulate the PayPal Stablecoin system in the coming weeks by $ 1 billion.
Pyusd surpassed the $ 1 billion market capitalization brand for the second time in August, and the total appreciation of the Stablecoin has risen by 100% since the start of Q3, with further growth expected when Spark starts to use more capital in the direction of Mininging Pyusd.
Pyusd Market capitalization – Defillama
The growth makes Pyusd the ninth largest stablecoin in Defi, which closely chases BlackRock’s buzzl USD and Falcon’s USDF Stablecoin.
Spark has also been in a tear in 2025, with its total value locked (TVL) has been increasing by 110% since the beginning of the year to a record high of $ 9 billion earlier this month.
The move comes as Stablecoins continue to dominate the headlines, whereby the most recent development is the launch of plasma, the tether-relied stablechain.
The launch of Plasma has exceeded expectations and it quickly became the seventh largest chain in Defi, with his XPL token that rises from its ico rating from $ 500 million to $ 10.4 billion less than 24 hours after it started to act.
