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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 has two big changes for PYUSD holders. You can expect a new rewards system for PYUSD stablecoin, PayPal's ...
Recent expansion efforts highlight the partnership between PayPal Holdings (NasdaqGS:PYPL) and Coinbase Global to advance the ...
The partnership is another sign of stablecoin issuers jockeying for market share as regulation in the U.S. is advancing.
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 ...
Top US-based crypto exchange by trading volume Coinbase has joined forces with digital financial services giant PayPal to ...
Coinbase and PayPal have widened their partnership, dropping PYUSD conversion fees and adding fee-free trading to expand ...
Coinbase will offer 1:1 PYUSD to USD conversions with no platform fees as part of this extended agreement. Users can buy, ...
PayPal and Coinbase are expanding their collaboration to boost the adoption and use of the PayPal USD (PYUSD) stablecoin.
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