PayPal has introduced a groundbreaking rewards program for holders of its stablecoin, PayPal USD (PYUSD). Starting Summer 2025, users can earn 3.7% annually in PYUSD rewards simply by holding the stablecoin in their PayPal or Venmo wallets. This initiative underscores PayPal’s commitment to innovation in digital payments and stablecoin utility.
Key Features of the PYUSD Rewards Program
1. High-Yield Rewards
- Earn 3.7% annually on PYUSD holdings, paid out monthly in PYUSD.
- Rewards accrue daily and are credited directly to your Cryptocurrencies Hub.
2. Seamless Utility
Use PYUSD for:
- Purchases at millions of merchants via PayPal Checkout.
- Peer-to-peer transfers on PayPal and Venmo.
- Cross-border remittances (fee-free via Xoom).
- Conversions to fiat or other cryptocurrencies.
- On-chain transfers (Ethereum and Solana blockchains).
3. Flexible Participation
- Opt in or out anytime.
- Redeem PYUSD for USD instantly in your Cryptocurrencies Hub.
Why PYUSD Stands Out
Commerce-Ready Stablecoin
PYUSD is designed for everyday use, combining stability (1:1 USD backing) with the flexibility of digital currency. It’s backed by:
- U.S. dollar deposits.
- U.S. Treasuries.
- Cash equivalents.
Trusted Issuer
Issued by Paxos Trust Company (licensed by NYDFS), PYUSD meets stringent regulatory standards.
FAQs About PYUSD Rewards
1. Who is eligible for PYUSD rewards?
- U.S. users holding PYUSD on PayPal or Venmo (excluding New York State at launch).
- Venmo Teen Accounts and Business Profiles are ineligible.
2. How are rewards calculated?
- Daily accrual at 3.7% APY, paid monthly. Rates may change per PayPal’s discretion.
3. Can I use rewards immediately?
- Yes! Spend, send, or convert rewards right away.
4. Is PYUSD FDIC-insured?
- No. PYUSD is not insured by the FDIC or SIPC. Always review terms.
5. How do I opt in?
- Enable rewards via your Cryptocurrencies Hub when the program launches.
👉 Learn more about PYUSD rewards
About PayPal
A leader in digital payments for 25+ years, PayPal operates in 200+ markets, empowering users with secure financial solutions. Explore more at PayPal’s official site.
Disclaimer: PYUSD is not a securities offering. Rates and terms subject to change.
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