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PayPal announced the launch of the PYUSD stablecoin rewards program.
Gate.io News bot, according to Bloomberg, PayPal will launch the PYUSD stablecoin holding reward program in the summer of 2024. Under the program, U.S. users holding PYUSD stablecoins in PayPal and Venmo wallets earn 3.7% per year, with earnings calculated daily and distributed monthly.
The PYUSD earnings obtained by users have various uses, including exchanging for fiat currency, transferring to other users, making international remittances, and making payments on the PayPal Checkout platform.
Source: Wu Shuo