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PayPal to Pay 3.7% Annual Yield on Stablecoin PYUSD to Encourage Broader Use
Launched in 2023, PYUSD is issued by Paxos Trust and backed by reserves like U.S. Treasuries. Despite PayPal’s brand recognition, PYUSD’s market share remains small — about $868 million — compared to market leader Tether’s $143 billion USDT, according to RWA.xyz data.
PayPal is shaking up the cryptocurrency space with two big changes, including a new rewards system and a new partnership with ...
PayPal will begin offering a 3.7% annual yield on its stablecoin, PayPal USD (PYUSD), for U.S. users starting this summer.
Coinbase will offer 1:1 PYUSD to USD conversions with no platform fees as part of this extended agreement. Users can buy, ...
The US Securities and Exchange Commission has postponed decisions on proposals to list and trade crypto funds based on ...
PayPal plans to offer 3.7% annual yield on its PYUSD holdings to its U.S. customers in a bid to spur wider adoption and ...
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