Aave Token Holders Vote to Integrate PayPal's PYUSD Stablecoin into Ethereum-based Pool

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Cointime2024/01/11 06:47

By:Cointime

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.

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