PayPal announced that the PayPal USD (PYUSD) stablecoin balances will provide return to 3.7 %annually with a new program for US users. The program, which will be implemented in the summer months, will allow users to win prizes through the stablecoin balances they hold in both PayPal and Venmo wallets.
New attraction to Stablecoin with annual return
The returns accumulated within the scope of the program will be calculated on a daily basis and transferred to users in monthly periods. Users with a pyusd balance will not only make passive profit, but at the same time, they will be able to use these stablecoin for purchases, transfer them to other accounts or turn them in cash. PayPal describes this model as a tool that promotes the integration of digital assets into daily use.
This model, which offers financial return, stands out especially when it appeals to non -banking sections. The rare presence of fixed -generated digital assets in existing market conditions may increase the interest of PYUSD. However, in terms of Pyusd, volume and adoption, it continues to lag behind market giants such as Tether.
Launched by Paxos Trust in 2023, Pyusd is supported by reserves such as US Treasury bills. PayPal’s reserve -based approach aims to provide users a safe digital value storage tool.
Strategic depth in digital payments
The roadmap that PayPal has built on digital assets includes not only technical but also a strategic perspective. The company’s Blockchain and Digital Currency Director Jose Fernandez said that they are in the middle of the process, emphasizing that they are in the midst of the process, and their targets are to reduce and speed up the transaction costs.
Similarly, CEO underlined that Stablecoins have the potential to change the structure of global payment systems. This vision demonstrates PayPal’s intention not only to be a technology provider, but also an actor transforming financial systems.
PayPal, which has recently integrated with networks such as Chainlink and Solana, continues to expand its digital asset portfolio. These moves show that the company plays an active role not only in the field of fixed coins, but also in blocky -based financial applications in general.
With the new program, users will not only interact with a payment tool, but also a digital asset that gives value. Making Stablecoins more attractive in daily use can create a wave of transformation not only for Paypal, but for the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
