The post PayPal’s PYUSD Surges to New All-Time High After Spark Partnership appeared on BitcoinEthereumNews.com. The stablecoin’s market capitalization has increased by 42% this week. Fintech giant PayPal’s PYUSD stablecoin recorded strong growth this week on the back of a new partnership with Spark, an onchain capital allocator incubated by Sky (formerly MakerDAO). Spark announced the move yesterday and aims to boost PayPal’s stablecoin ecosystem by $1 billion over the coming weeks. PYUSD surpassed the $1 billion market capitalization mark for the second time in August, and the stablecoin’s total valuation is up 100% since the beginning of Q3, with further growth anticipated as Spark begins to deploy more capital towards minting PYUSD. PYUSD Market Capitalization – DeFiLlama The growth makes PYUSD the ninth-largest stablecoin in DeFi, closely trailing Blackrock’s BUIDL USD and Falcon’s USDf stablecoin. Spark has also been on a tear in 2025, with its total value locked (TVL) surging by 110% since the beginning of the year to an all-time high of $9 billion earlier this month. The move comes as stablecoins continue to dominate headlines, with the most recent development being the launch of Plasma, the Tether-affiliated stablechain. Plasma’s launch has exceeded expectations, and it has quickly become the seventh-largest chain in DeFi, with its XPL token soaring from its ICO valuation of $500 million to as high as $10.4 billion less than 24 hours after it began trading. Source: https://thedefiant.io/news/defi/paypal-s-pyusd-surges-to-new-all-time-high-after-spark-partnershipThe post PayPal’s PYUSD Surges to New All-Time High After Spark Partnership appeared on BitcoinEthereumNews.com. The stablecoin’s market capitalization has increased by 42% this week. Fintech giant PayPal’s PYUSD stablecoin recorded strong growth this week on the back of a new partnership with Spark, an onchain capital allocator incubated by Sky (formerly MakerDAO). Spark announced the move yesterday and aims to boost PayPal’s stablecoin ecosystem by $1 billion over the coming weeks. PYUSD surpassed the $1 billion market capitalization mark for the second time in August, and the stablecoin’s total valuation is up 100% since the beginning of Q3, with further growth anticipated as Spark begins to deploy more capital towards minting PYUSD. PYUSD Market Capitalization – DeFiLlama The growth makes PYUSD the ninth-largest stablecoin in DeFi, closely trailing Blackrock’s BUIDL USD and Falcon’s USDf stablecoin. Spark has also been on a tear in 2025, with its total value locked (TVL) surging by 110% since the beginning of the year to an all-time high of $9 billion earlier this month. The move comes as stablecoins continue to dominate headlines, with the most recent development being the launch of Plasma, the Tether-affiliated stablechain. Plasma’s launch has exceeded expectations, and it has quickly become the seventh-largest chain in DeFi, with its XPL token soaring from its ICO valuation of $500 million to as high as $10.4 billion less than 24 hours after it began trading. Source: https://thedefiant.io/news/defi/paypal-s-pyusd-surges-to-new-all-time-high-after-spark-partnership