Paypal giant payments have been reported to begin to offer customers to bear the owner of the Stablecoin product.
According to a new Report Through Bloomberg, Paypay plans to offer rewards to users of their Stablecoin Paypal USD (PUSUD) as a way to increase its use.
The report states that the program is expected to launch once in Tag -Sun, although no specific date is mentioned, and will allow users of both Paypal and Venmo to earn 3.7% annually -in the handling of pyusd on their crypto wallets.
Rewards -accumulated on a sunny basis and paid months -months -will be paid to the pyusd that customers can convert to Fiat Currency, use for payments, or send to other users.
Jose Fernandez Da Ponte, senior vice president and general manager of Blockchain, Crypto and digital currency, told Bloomberg in an interview that the company's purpose was to indicate the use of Stablecoins as a form of payment on its platform.
“We see the stablecoins as the formation of the next generation of metals of payment but we know that something takes time. We are half [through] A 10-year journey. “
Piusd was launched in 2023 in collaboration with Stablecoins Issuer Paxos, which Says That token reserves are 100% held in US dollar deposits available for 1: 1 redemption.
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