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

CointimeCointime2024/01/11 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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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.

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