PayPal plans to launch stablecoin PYUSD reward incentive mechanism for US users

Odaily Planet Daily News: PayPal will offer its PayPal USD (PYUSD) stablecoin with an annual return rate of 3.7% to US users, with daily cumulative returns and monthly payments. The program was launched this summer with the aim of increasing PYUSD adoption. It is reported that this move is one of PayPal's initiatives to enter the cryptocurrency field. The company hopes to establish new payment channels through this field, where users can earn rewards while also keeping stablecoins in PayPal and Venmo wallets. PYUSD can be used through PayPal Checkout, transferred to other users, or exchanged for traditional US dollars. （CoinDesk）