According to Techub News, Fortune Crypto reported that PayPal announced a partnership with the US cryptocurrency bank Anchorage Digital to provide stablecoin rewards to Anchorage Digital's qualified investor user base, who hold PYUSD in its US bank, Singapore subsidiary or through its non-custodial wallet Porto.

Anchorage Digital said that PYUSD and the rewards program do not constitute securities issuance and are not under the jurisdiction of banking regulators.