According to Bloomberg, as reported by ChainCatcher, PayPal will launch a PYUSD stablecoin holding rewards program this summer, where U.S. users can earn a 3.7% annual yield (accrued daily and distributed monthly) by holding PYUSD in their PayPal and Venmo wallets. The rewards will be paid in PYUSD and can be converted to fiat currency, sent to other users, used for international transfers, or spent during PayPal Checkout.
PayPal plans to promote the use of stablecoin PYUSD by offering 3.7% interest on balances
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