PayPal and Anchorage Launch PYUSD Rewards for Institutions
PayPal and Anchorage Digital are launching a new stablecoin reward program specifically for institutional investors. Announced on August 22, the program will provide returns for PayPal USD (PYUSD) tokens held in Anchorage Digital's custody solution. The plan is tailored for institutional clients, allowing them to earn profits from PYUSD tokens stored in Anchorage custody, including its self-custody wallet Porto. The plan prioritizes security by keeping stablecoins in on-chain accounts. Neither PayPal nor Anchorage will pledge or lend assets to create rewards anymore.
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