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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 and Coinbase are expanding their collaboration to boost the adoption and use of the PayPal USD (PYUSD) stablecoin.
Coinbase will offer 1:1 PYUSD to USD conversions with no platform fees as part of this extended agreement. Users can buy, ...
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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