By USA Goldmines 
According to Bloomberg, this new program is set to launch this summer. It is designed to encourage wider adoption of PYUSD.
As part of its ongoing expansion into cryptocurrency, PayPal is pushing to establish itself as a leader in digital payments. With PYUSD, PayPal aims to make its mark in the stablecoin space.
PayPal’s PYUSD Yield: A Strategic Move in Stablecoins
PayPal’s initiative to pay a 3.7% yield on PYUSD is not just a financial incentive but also a strategic move to make the stablecoin more attractive in a rapidly growing and competitive sector. Yields will be accrued daily and paid out monthly, ensuring that users see their balances grow without additional effort. PayPal’s PYUSD can be stored in both PayPal and Venmo wallets. It will offer flexibility to users who want to keep their funds within the PayPal ecosystem. The stablecoin can also be used for transactions via PayPal Checkout and transferred to other users. Additionally, it can be converted into traditional U.S. dollars, making it highly versatile.
This move comes amid a rising demand for digital assets and stablecoins as alternatives to traditional financial systems. Stablecoins offer a way to bypass traditional banking fees and delays. PayPal’s 3.7% yield provides an enticing proposition for those seeking to earn rewards while holding stable assets.
Stablecoins have the power to reshape the future of commerce by combining innovation, stability, and accessibility. Now, we’re making @PayPal and @Venmo the most rewarding way to hold PYUSD. With our new loyalty program, users on PayPal and Venmo will be able to earn rewards when… pic.twitter.com/Vd4bQylD2H
— Alex Chriss (@acce) April 23, 2025
Jose Fernandez da Ponte, PayPal’s head of blockchain and digital currencies, emphasized that the company is only “halfway in a 10-year journey.” The goal is to create a new set of payment rails that reduce transaction costs and increase speed, aiming to reshape how payments are made globally. PayPal’s CEO, Alex Chriss, also highlighted that stablecoins like PYUSD could play a crucial role in reshaping the payment landscape by offering lower-cost, faster alternatives to traditional banking systems.
More About PYUSD
JUST IN: PayPal will offer 3.7% annual rewards on $PYUSD stablecoin balances to boost adoption, as competition in the stablecoin market intensifies. pic.twitter.com/aVqotiyjcq
— Cointelegraph (@Cointelegraph) April 23, 2025
First Digital USD and PayPal USD lag further behind, with circulating supplies of $1.6 billion and $856.8 million. This significant gap highlights the challenges rival stablecoins face in breaking USDT’s stronghold, as it continues to command the lion’s share of the market despite growing competition.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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