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
Leading candidate for US SEC chief announced
Vancouver Mayor Proposes Adding Bitcoin to Municipal Balance Sheet
Trump Explores CFTC Control Over Crypto Regulation
The agency currently operates with fewer resources than the SEC, which could be challenging should it regulate crypto.
Former UK Minister Joins Bitcoin VC Firm Axiom as Advisor
Former UK minister John Baker joins Axiom as a paid advisor, focusing on Bitcoin.
Trending news
MoreCrypto prices
More
