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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 is shaking up the cryptocurrency space with two big changes, including a new rewards system and a new partnership with ...
The partnership is another sign of stablecoin issuers jockeying for market share as regulation in the U.S. is advancing.
Recent expansion efforts highlight the partnership between PayPal Holdings (NasdaqGS:PYPL) and Coinbase Global to advance the ...
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Coinbase drops fees on PayPal’s PYUSDCoinbase, the largest publicly traded cryptocurrency exchange, announced today that it will waive transaction fees for PayPal ...
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 ...
PayPal is boosting balances by offering a 3,7% annual reward rate on their holdings beginning this summer that will be paid ...
Coinbase is waiving transaction fees on PayPal’s stablecoin, PYUSD, and enabling direct redemption into U.S. dollars.
PayPal Holdings Inc. plans to offer rewards to its users on their holdings of its stablecoin, in a bid to encourage more ...
Coinbase will offer 1:1 PYUSD to USD conversions with no platform fees as part of this extended agreement. Users can buy, ...
Coinbase to support fee-free purchases of PYUSD, provide 1:1 conversions to US dollars across custody,trading platform ...
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