PayPal Stablecoin PYUSD Launched on Curve as the Third Largest Liquidity Pool, Simultaneously Progressing with Aave Proposal

Trident co-founder Anthony DeMartino told Blockworks that he believes the demand for FRAXPYUSD pool yield on Aave will increase the borrowing interest rate for PYUSD, thereby incentivizing low-risk investors to deposit PYUSD into Aave.