PayPal to offer 3.7% yield on stablecoin balances: Report

Payments behemoth PayPal plans to offer a 3. 7% yield on balances held in its PayPal USD stablecoin. According to an April 23 Bloomberg report, a PayPal representative said that the measure aims to encourage more usage of the firm’s stablecoin. The new program is purportedly expected to launch this summer, and the rewards will also be paid out in PayPal USD (PYUSD) source: https://cointelegraph.com/news/paypal-stablecoin-pyusd-yield-launch?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound