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Details: ht
Spark collaborates with PayPal, and in the future, there will be a $1 billion injection, $PYUSD . Currently, Spark's strategy is to seize the market by controlling borrowing interest rates. The current borrowing interest rate for PYUSD is only 2%. This money, whether used for arbitrage or mining, is extremely attractive.
The core of Spark's ability to suppress interest rates lies in the SLL mechanism, which controls billions of USDS. As long as this money is not exhausted, it can maintain a low borrowing interest rate.