Odaily Planet Daily News PayPal and Anchorage Digital are launching a new stablecoin rewards program specifically for institutional investors. Announced on August 22, the program will provide returns for PayPal USD (PYUSD) tokens held in Anchorage Digital custody solutions. This provides institutions with a way to safely earn rewards without staking or borrowing. The program is tailored for institutional clients, allowing them to earn returns from PYUSD tokens stored in Anchorage custody, including its self-custody wallet Porto. The program prioritizes security and keeps stablecoins in on-chain accounts. Neither PayPal nor Anchorage will pledge or lend assets to create rewards. Nathan McCauley, CEO of Anchorage Digital, emphasized that the program has a potential impact on the widespread adoption of PYUSD by institutional investors. He noted that the program can help bridge the gap between traditional finance and the digital asset ecosystem, providing institutions with a new way to participate in stablecoins. (CoinEdition)