2024

PayPal USD

Rewards

<ul class="wp-block-list news-points">
 <li>PYUSD yield program offers secure, non-lending rewards for institutions via Anchorage custody.</li>
 <li>PYUSD supply grew 60%, now 6th largest USD stablecoin, expanding on Solana, Ethereum.</li>
 <li>Anchorage CEO program bridges traditional finance with crypto, boosting institutional adoption.</li>
</ul>
PayPal and Anchorage Digital are rolling out a new stablecoin rewards program specifically for institutional investors. The program, announced on August 22, will offer yield on PayPal USD (PYUSD) tokens held in Anchorage Digital’s custody solutions. This provides a way for institutions to securely earn rewards without the need for staking or lending.
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 Today, <a href="https://twitter.com/Anchorage?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Anchorage</a> Digital is pleased to introduce stablecoin rewards on <a href="https://twitter.com/PayPal?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@PayPal</a>’s PYUSD. Earn competitive rewards on PYUSD balances in our secure custody or in our institutional self-custody wallet, Porto. Learn more <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;">:<a href="https://t.co/LtcmXRgnCh" target="_blank" rel="noopener noreferrer nofollow">https://t.co/LtcmXRgnCh</a> <a href="https://t.co/0ZyoJSvAkp" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/0ZyoJSvAkp</a>— Anchorage Digital (@Anchorage) <a href="https://twitter.com/Anchorage/status/1826608198151012544?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 22, 2024</a>
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This program is tailored exclusively for institutional clients, allowing them to earn yield on PYUSD tokens stored in Anchorage’s custody, including their self-custody wallet, <a href="https://www.anchorage.com/insights/porto-by-anchorage-digital-your-wallet-our-security" target="_blank" rel="noopener noreferrer nofollow">Porto</a>.
The program prioritizes security, keepi…
The post <a href="https://coinedition.com/paypal-anchorage-launch-pyusd-rewards-for-institutions/" rel="noopener noreferrer nofollow">PayPal &amp; Anchorage Launch PYUSD Rewards for Institutions</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

PayPal & Anchorage Launch PYUSD Rewards for Institutions

Coin Edition

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