PayPal Launches 3.7% Yield Program for PYUSD Stablecoin, Enhances Adoption

To boost its stablecoin’s adoption in a competitive market, PayPal is offering a 3.7% yield on PYUSD. The program will provide users with daily accrued rewards, paid out monthly in PYUSD format. This will encourage holding the stablecoin within their PayPal and Venmo wallets. Users can still utilize PYUSD for various transactions, including spending through PayPal Checkout, transferring to others, or exchanging it back into fiat currency at any time.