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TechFlow, April 23 — According to Bloomberg, PayPal announced it will launch a holding rewards program for its stablecoin PYUSD this summer. U.S. users who hold PYUSD in PayPal and Venmo wallets will receive an annual yield of 3.7%, accrued daily and distributed monthly.
The earnings will be distributed in PYUSD and can be converted into fiat currency, sent to other users, used for international transfers, or spent during PayPal Checkout purchases.
According to Bloomberg, PayPal announced it will launch a rewards program for holding its stablecoin PYUSD this summer, offering U.S. users an annual yield of 3.7% for holding PYUSD in PayPal and Venmo wallets (accrued daily and distributed monthly). The rewards will be paid in PYUSD and can be converted into fiat currency, sent to other users, used for international transfers, or spent during PayPal Checkout purchases.
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