Paypal Launches PYUSD Rewards Program With Anchorage Digital
Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digitalâs platform and the Porto self-custody wallet, the program emphasizes security by avoiding rehypothecation, staking, or lending.
Anchorage Digital and Paypal Unveil Secure Rewards Program for PYUSD Holders
Anchorage Digital announced on Thursday the launch of its first stablecoin rewards program for Paypal USD (PYUSD) holders, available via Anchorage Digitalâs platform and the new Porto self-custody wallet.
The program enables institutions to earn rewards on PYUSD held in Anchorage Digitalâs secure on-chain custody or through the Porto self-custody wallet. Noting that this collaboration with Paypal ensures that crypto innovators can maximize the value of their assets without compromising security, the announcement details:
PYUSD remains fully accessible and segregated in participantsâ accounts on-chain for quick deployment leveraging Anchorage Digitalâs industry-leading security model. Importantly, this program presents a way to earn rewards without rehypothecation, staking, or lending involved.
Jose Fernandez da Ponte, Paypalâs Senior Vice President and General Manager of Blockchain, Crypto, and Digital Currencies, remarked: âAnchorage Digital and Paypal share a common vision of providing secure and efficient payment solutions for institutions that maximize the value of their digital assets and expand PYUSDâs utility and benefits for institutional customers.â
Institutions participating in this program benefit from streamlined onboarding, secure custody, and the ability to earn rewards while maintaining full access to their PYUSD. This offering marks a significant step forward for institutions managing stablecoins, allowing them to diversify securely and efficiently within Anchorageâs trusted infrastructure.
What are your thoughts on Anchorage Digitalâs collaboration with Paypal to provide secure rewards for PYUSD holders? Let us know in the comments section below. #Write2Earn