PayPal Launches Interest-Earning Program for PYUSD

PayPal has announced a new program that will reward U.S. users who hold its stablecoin, PYUSD, with 3.7% annual percentage yield (APY). This interest-like reward accrues daily and is paid out monthly, providing users with a passive way to grow their digital holdings. The rewards are not paid in cash but are paid directly in PYUSD, further incentivizing adoption of the stablecoin. The program is designed to make holding and using PYUSD more appealing and accessible.