PayPal Launches New PYUSD Rewards Program to Boost Stablecoin Adoption

PayPal is taking a significant step towards promoting the wider adoption of stablecoins with the launch of a new rewards program for its USD-backed token, PYUSD. Users will now earn 3.7% annual interest on their PYUSD holdings, directly deposited into their PayPal or Venmo accounts every month. This move comes as part of PayPal’s ongoing push to integrate digital currencies into everyday transactions.