PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the most undervalued financial stocks to buy according to Wall Street analysts. On September 25, PayPal partnered with decentralized finance platform Spark to expand on-chain liquidity, aiming to grow PYUSD deposits from $100 million to $1 billion.
Denys Prykhodov / Shutterstock.com
PYUSD, a U.S. dollar-pegged stablecoin issued by Paxos, is now integrated into SparkLend, enabling users to supply and borrow the asset with support from Spark’s $8 billion stablecoin reserve. This model offers predictable liquidity without relying on costly market-maker incentives, positioning PYUSD for rapid scaling.
The collaboration arrives amid a surge in stablecoin activity, with global supply rising by $30 billion to $263 billion and daily volumes exceeding $100 billion. Spark, which previously deployed $630 million in Bitcoin-backed loans to Coinbase, plays a key role in advancing PYUSD’s adoption. PayPal and Spark see this initiative as a blueprint for leveraging DeFi to establish stablecoins as foundational assets in the evolving financial ecosystem.
PayPal Holdings, Inc. is a digital payments company. It operates a global two-sided network that enables consumers and merchants to send, receive, and process payments through platforms such as PayPal, Venmo, Braintree, Xoom, and Honey. The company’s services include online checkout, peer-to-peer transfers, merchant payment processing, and digital wallets.
READ NEXT: 11 Best Buy-the-Dip Stocks to Buy According to Analysts and 10 Best Beaten Down Technology Stocks to Buy According to Analysts.
This article is originally published at Insider Monkey.
