#United States #PayPal #San Jose #Rewards #PYUSD

PayPal Unveils Exciting Rewards for Holding PYUSD

PayPal Holdings, Inc. has recently announced the introduction of a new rewards program designed for users who hold PayPal USD (PYUSD). This cutting-edge initiative will enable U.S. users to earn a remarkable 3.7% annually on their PYUSD holdings within their PayPal or Venmo accounts. Set to launch in Summer 2025, the program is expected to significantly enhance the payment experience for millions of users across the nation.

Earning Rewards Made Simple

The process is straightforward and user-friendly. Users will automatically earn 3.7% on their PYUSD every year, calculated daily and credited monthly. This not only incentivizes holding the stablecoin but presents an opportunity for users to grow their digital asset holdings simply by maintaining their balance.

After accruing rewards, they can seamlessly use their PYUSD to engage with millions of merchants, send money to other PayPal or Venmo users without fees, or even convert it into fiat. Additionally, users have the option to send funds internationally via Xoom without incurring transaction charges, making the service not just rewarding but also highly convenient.

A Vision for the Future of Commerce

In the words of Alex Chriss, PayPal's President and CEO, the initiative embodies the company's vision for a revolutionary future in commerce.