PayPal Unveils 3.7% Yield on Stablecoin Balances: A New Incentive for Users

PayPal, the prominent payment platform, is set to launch a new incentive program that offers users a 3.7% yield on balances held within its own stablecoin, PayPal USD (PYUSD). This initiative, unveiled in an April 23 Bloomberg report, aims to drive greater adoption of PYUSD among users seeking enhanced returns on their digital assets. The rewards will be paid out directly in PYUSD and will accrue daily before being processed monthly. The program is anticipated to launch this summer.