Decentralized non-custodial lending and borrowing protocol Aave is voting to onboard PayPal's PYUSD stablecoin issued by Paxos Trust Company. In an ongoing governance vote, 99.98% of the participating AAVE token holders favor integrating PYUSD into AAVE's Ethereum-based pool. The voting on the proposal, termed temperature check, floated by Trident Digital on Dec. 18, will end later Thursday. The vote follows decentralized exchange Curve's December decision to host PYUSD. PYUSD, the dollar-pegged stablecoin, came into existence in August and now has a market capitalization of $289 million. AAVE is the world's third-largest DeFi solution, with nearly $5 billion worth of crypto assets locked into the protocol.
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