PayPal Teams Up With Coinbase and Launches Rewards System for PYUSD Holders

PayPal will roll out a new rewards program for its cryptocurrency, PYUSD, this summer. Affirm PayPal has two big changes for PYUSD holders. You can expect a new rewards system for PYUSD stablecoin, PayPal's cryptocurrency that launched in 2023, and a new partnership with Coinbase, a popular cryptocurrency exchange. Your cryptocurrency value can swing wildly in a matter of minutes and these changes could have an even bigger impact if you're holding PYUSD in your PayPal or Venmo wallet. Here's what this week's announcements mean for your crypto earnings and what else you can expect from the online payment system. A new rewards system Starting this summer, PayPal will launch a new rewards system for anyone holding PYUSD stablecoin. You can earn rewards at 3.7% annually on stablecoin you keep in your PayPal or Venmo wallets and you can continue to accrue rewards daily and be paid out monthly. The rewards will be directly added to your cryptocurrencies hub. You'll receive the annual b ... Read full article.