PayPal has partnered with Anchorage Digital to introduce an exciting rewards program for PYUSD stablecoin holders! đȘ Launched in 2023 on the Ethereum blockchain, PYUSD is fully backed 1:1 by US dollars and issued by Paxos Trust Company. Now, users who store their PYUSD with Anchorage or use the Porto institutional self-custody wallet can earn rewardsâwithout the hassle of staking, lending, or rehypothecation.
PYUSD remains fully accessible and on-chain, ready for quick deployment whenever you need it. Competing with the likes of USD Coin, PYUSD is positioned to become a major player in the stablecoin arena.
Stay ahead in the crypto game with PYUSD and Anchorage Digital!
