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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 will begin ... Coinbase already offers yield on USDC, and Circle recently launched a new network to support stablecoin-based international payments.
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 ...
Coinbase will offer 1:1 PYUSD to USD conversions with no platform fees as part of this extended agreement. Users can buy, ...
The partnership is another sign of stablecoin issuers jockeying for market share as regulation in the U.S. is advancing.
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