PayPal to Pay 3.7% Annual Yield on Stablecoin PYUSD to Encourage Broader Use

PayPal to Pay 3.7% Annual Yield on Stablecoin PYUSD to Encourage Broader Use

The move is meant to increase adoption of PYUSD amid growing competition in the stablecoin market

Coinbase waives fees on PayPal’s stablecoin in crypto payments push

The move is part of a joint effort by Coinbase and PayPal to increase the adoption of PayPal's stablecoin, called PYUSD, which it launched in 2023

PayPal to Launch PYUSD Rewards Program with 3.7% Annual Return

PayPal announced today that it will launch a new loyalty program this summer, enabling U.S. users to earn rewards on their holdings of PayPal USD (PYUSD). The company will offer a 3.7% annual reward rate in PYUSD for balances held in PayPal or Venmo wallets. The initiative marks a significant step in PayPal’s effort to expand the utility of its U.S. dollar-backed stablecoin. Once launched, users will be able to use earned rewards to make purchas…

PayPal Introduces 3.7% Return On PYUSD To Spark Massive Adoption

PayPal will offer a 3.7% annual return on PYUSD, starting summer 2025, to boost native coin adoption among U.S. users, with daily and monthly payouts in the same coin. PYUSD was launched in 2023; it’s backed by U.S. dollars and now runs on both Ethereum and Solana for efficient, faster, and cheaper use. PayPal plans to offer a 3.7% annual return on its stablecoin, PYUSD, in a move to draw more users and gain solid ground in a market already led …

PayPal Introduces 3.7% Interest on its PYUSD Stablecoin - Crypto Economy

TL;DR PayPal will offer a 3.7% annual yield on PYUSD balances starting in the summer of 2025, with monthly payments in the same stablecoin. PYUSD is backed by cash and short-term Treasury bonds. It’s also integrated into Ethereum, Solana, and has had support on Venmo since 2023. Experts warn that paying interest on stablecoins could lead to stricter regulations by classifying them as securities. PayPal will incorporate a 3.7% annual yield for b…

3,7 % of annual returns: this is what PayPal wants to offer to the holders of its stablecoin, the PYUSD. While the stablecoins war is now raging far beyond the crypto sector, PayPal intends to pull its pin out of the game. The PayPal article will offer 3,7 % returns on its stablecoin PYUSD to boost its adoption appeared first on Cryptoast.