PayPal plans to promote the use of the stablecoin PYUSD by offering a 3.7% balance Interest.

DailyNews

2025-04-23 11:16:39

PANews news on April 23, according to Bloomberg, PayPal announced that it will launch a stablecoin PYUSD holding reward program this summer, and American users can earn 3.7% annualized income (daily accumulation, monthly distribution) by holding PYUSD through PayPal and Venmo wallets. Proceeds are issued in the form of PYUSD and can be exchanged for fiat currency, sent to other users, used for international transfers, or used when shopping with PayPal Checkout. PayPal’s head of blockchain business said the move is aimed at increasing the use of PYUSD in its payment network, and the company sees stablecoins as a core component of “next-generation payment infrastructure.”

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments