PayPal announced the launch of the PYUSD Savings Vault on the decentralized lending protocol Spark, providing on-chain yield products for PYUSD stablecoin users. The yield is supported by the Spark Liquidity Layer and is based on the Sky Savings Rate from Sky Protocol, deployed through strategies like SparkLend. Currently, PYUSD has a market cap of approximately $3.8 billion and is issued by Paxos, which recently obtained a federal banking license from the U.S. OCC. (The Block) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=53607