PayPal Unveils 3.7% Rewards on PYUSD for U.S. Users

PayPal is launching a new program this summer that rewards U.S. customers with 3.7% annual interest on their balances held in the PayPal USD (PYUSD) stablecoin. The program will begin paying out daily, credited directly to user accounts each month. PYUSD holders can then utilize these rewards for purchases, transfers, or exchange for cash. This initiative is designed to incentivize users to adopt PYUSD for everyday transactions, according to PayPal’s blockchain and crypto head Jose Fernandez da Ponte. }