🔵Base Goes Gangbusters: DeFi Week of August 6

Happy weekend Defiers!

The markets cheered PayPal’s unexpected launch of an Ethereum-based stablecoin. PayPal USD is issued in partnership with Paxos, with on-chain data indicating PayPal may have first started tinkering with the stablecoin in 2018.

The positive market sentiment also coincides with strong economic data from the United States, with traders tipping that interest rates will remain unchanged following next month’s Federal Reserve meeting.