PayPal’s dollar backed stablecoin is quietly hitting a major milestone
By crossing $400 million in deposits, PYUSD has become one of the more actively used newer stablecoins in DeFi. That level of usage signals trust and demand. According to public Aave data, total value locked on the platform sits in the tens of billions during strong market cycles, and stablecoins often make up a large share because they reduce price swings.
A real world example helps. A small business owner who already uses PayPal could convert funds into PYUSD, deposit them on Aave, and earn yield while staying exposed to the US dollar. At the same time, a DeFi trader might borrow PYUSD to manage short term cash needs without selling long term crypto holdings. No bank approval required.
Yield Mode by Tangem gives users a simple way to earn yield through Aave without leaving their wallet. Built directly into the Tangem Wallet, the feature lets users supply supported assets to Aave, widely seen as DeFi’s largest and most trusted lending network.
Instead of navigating multiple apps or complex steps, users can access decentralized lending in a few taps while keeping full control of their funds. This approach lowers the barrier to entry for beginners and makes earning on chain yield feel closer to a familiar financial experience.
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XRP
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PYUSD is live on @aave — expanding access to on-chain liquidity and real DeFi utility through decentralized lending and borrowing.
PYUSD, by @PayPal, crossed $400M deposited on Aave. The Aave effect.
Yield Mode by @Tangem offers easy access to Aave-powered yield. Integrated into the Tangem Wallet, it lets users supply assets directly to Aave, DeFi's largest and most trusted lending network.
