PayPal Explores 3.7% Yield on PYUSD to Boost Adoption

PayPal Holdings Inc. is exploring offering a 3.7% annual yield on its stablecoin, PYUSD, issued by Paxos Trust Company LLC, to encourage wider adoption. If implemented, this move could significantly impact the stablecoin market and challenge competitors like USDC. The potential yield offer from PayPal adds another layer of incentive for users to embrace PYUSD. This initiative involves PayPal Holdings Inc. and its partner Paxos Trust Company, LLC. PYUSD is being expanded with Ethereum and Solana support, increasing its presence and liquidity in the blockchain space.