Payments giant PayPal and cryptocurrency custodian Anchorage Digital are teaming up to launch a stablecoin rewards program. The program will pay for the proceeds of PayPal USD (PYUSD) tokens held by crypto-native banks or Anchorage institutional self-custodial wallet Porto.
It is reported that the rewards program allows users to earn money from PYUSD balances without pledging, lending or re-pledging funds. The stablecoin will be completely segregated in their on-chain accounts, meaning Anchorage and PayPal will not lend customers' assets to earn returns to cover the program's fees.
PayPal and Anchorage partner to launch PYUSD stablecoin rewards program
2024-08-23 22:59:54
Payments giant paypal crypto currency escrow institution anchoragedesk3cryptocurrencydesktopCrypto News
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