PayPal Rewards Users with 3.7% Interest for Holding PYUSD

PayPal is launching a new program this summer that will pay users 3.7% interest on their PYUSD balances. The move aims to incentivize adoption and solidify PayPal’s position in the burgeoning stablecoin market. This initiative is part of PayPal’s larger expansion into cryptocurrency and its goal to become a leading force in digital payments. By offering attractive rewards, they aim to make PYUSD more appealing compared to other existing stablecoins.