PayPal Offers High Yield on PYUSD to Boost Stablecoin Adoption

PayPal is incentivizing stablecoin adoption by offering a 3.7% annual yield on its PYUSD token, aimed at bolstering user engagement and shifting usage beyond just crypto transactions. The rewards program will launch this summer for PayPal and Venmo users in the US, with earnings distributed monthly to those holding PYUSD in their wallets. These earnings can be spent, sent, converted to fiat currency, or used for global transfers. This initiative is designed to turn PYUSD into a tangible medium of exchange rather than just a token for crypto trading.