PayPal is upping the ante in the stablecoin wars as it’s set to begin offering U.S. users 3.7% annual returns on balances of its PayPal USD (PYUSD) stablecoin.
The yield, accrued daily and paid monthly in PYUSD, is designed to spur adoption by making the token more appealing and stand out among the competition, Bloomberg reported.
STORY CONTINUES BELOW
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Set to launch this summer, the program will
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