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PayPal is set to incentivize PYUSD stablecoin adoption by offering holders a 3.7% annual reward, as reported by Bloomberg and confirmed by CEO Alex Chriss. Launched in 2023 and pegged to the US dollar, PYUSD aims to integrate cryptocurrency into mainstream payments. This initiative, which involves rewarding users for holding PYUSD, signals PayPal’s commitment to expanding the stablecoin’s utility and market presence. The exact mechanism for distributing rewards remains undisclosed. This move could attract new users and increase the usage of PYUSD within PayPal’s ecosystem, furthering the company’s foray into the digital currency space.
