Post #2136

PYUSD's market cap on Arbitrum surpassed $221 million, making it the fourth-largest stablecoin on the network. This growth was driven by USDai integrating PYUSD (along with M0's wM) as collateral, with plans to use the collateral as GPU-based loans. Add in the over $480 million already staked on Aave and over $210 million in Morpho vaults, and you can see how PayPal's channels are directly connected to DeFi liquidity layers. Corporate stablecoin distribution, when it actually works.