Reported 2 days ago
Starting this summer, PayPal will offer U.S. users a 3.7% annual yield on its stablecoin, PayPal USD (PYUSD), with rewards accruing daily and paid monthly. This initiative aims to encourage the use of PYUSD for everyday transactions and not just crypto exchanges, as the company seeks to improve payment efficiency. The offer raises potential regulatory concerns, as yield-bearing stablecoins may be classified as securities. PayPal continues to enhance its crypto services and compete with other financial platforms exploring stablecoins.
Source: YAHOO