PayPal launches new rewards program for holders of its digital currency: annual interest up to 3.7%. PayPal launches a rewards program for PYUSD holders with an annual yield of up to 3.7% to encourage its use in daily transactions.

Rewards are calculated daily and paid monthly, with the option to spend or transfer freely on Ethereum and Solana networks.

PYUSD is used in commerce and money transfers, and PayPal aims to expand its scope to include bills and suppliers.

PayPal enters the stablecoin market strongly amid fierce competition and upcoming US regulations to regulate the sector. PayPal, the digital payment services giant, announced the launch of a new rewards program for holders of its stablecoin PYUSD, granting users in the United States the opportunity to earn an annual interest of up to 3.7%. The program, set to launch during the summer, aims to encourage practical adoption of the digital currency in daily transactions, whether through purchases, transfers, or use in payment systems via PayPal and Venmo.#PYUSD $XRP $BTC

Reward mechanism: daily returns and expanded freedom of use