PayPal plans to launch a stablecoin PYUSD reward incentive mechanism for US users
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Planet Daily News: PayPal will offer U.S. users a 3.7% annual return on its PayPal USD (PYUSD) stablecoin, with earnings accumulated daily and paid monthly. The plan will launch this summer, aimed at increasing PYUSD adoption. It is reported that this move is part of PayPal's venture into the cryptocurrency field, with the company hoping to establish new payment channels in this area. Users can earn rewards while keeping stablecoins in PayPal and Venmo wallets. PYUSD can be used through PayPal Checkout, transferred to other users, or exchanged for traditional U.S. dollars. (CoinDesk)
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