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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 plans to offer 3.7% annual yield on its PYUSD holdings to its U.S. customers in a bid to spur wider adoption and ...
The move comes two days after Circle, a stablecoin partner of Coinbase, debuted a payment network challenging PayPal’s ...
Coinbase, the largest publicly traded cryptocurrency exchange, is waiving fees on transactions connected to PayPal's ...
The partnership is another sign of stablecoin issuers jockeying for market share as regulation in the U.S. is advancing.
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PayPal expands tie-up with Coinbase to drive stablecoin adoptionCoinbase has announced that its users will now be able to buy, sell, and trade PYUSD without incurring platform fees.
As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to ...
Coinbase is waiving transaction fees on PayPal’s stablecoin, PYUSD, and enabling direct redemption into U.S. dollars.
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