PAYPAL
- PayPal has launched a rewards program for PYUSD holders and expanded the stablecoin to the Arbitrum blockchain.
- These updates aim to enhance user benefits and support wider crypto adoption.
PayPal is making big moves in crypto. The payments giant has rolled out a new PYUSD rewards program and expanded its stablecoin to the Arbitrum blockchain. These updates aim to boost adoption and bring more value to users holding the PYUSD stablecoin.
Earn PYUSD Rewards Just by Holding
PayPal now rewards users who hold at least 1.0 PYUSD in their Cryptocurrencies Hub. The PYUSD Rewards Program lets users earn passive income in the form of PYUSD.
The company calculates the rewards using an annual rewards rate, which it divides by 365 to determine a daily rate. This daily rate applies to the average PYUSD balance held each day. Then, at the beginning of every month—or within 30 days—PayPal deposits the earned PYUSD directly into the user’s account.
Users can opt out of the rewards program anytime. Once opted out, they will no longer receive credited rewards.
This move gives PYUSD holders a reason to keep their stablecoins in PayPal’s system, adding long-term value without requiring any action.
PYUSD Now Available on Arbitrum
Alongside Ethereum and Solana, PayPal has now added Arbitrum to its list of supported blockchains for PYUSD. This expansion means users can enjoy lower gas fees and faster transactions, especially useful in decentralized finance (DeFi) environments.
With this update, PYUSD now runs on three major blockchains:
- Ethereum (ETH)
- Solana (SOL)
- Arbitrum (ARB)
Adding Arbitrum support makes PYUSD more flexible and accessible across the Web3 space.
PayPal Doubles Down on Crypto
PayPal continues to expand its crypto services to attract both new users and long-time holders. By adding rewards and improving network reach, the company positions PYUSD as a strong stablecoin for both spending and saving.
Whether you’re a casual user or a crypto enthusiast, PayPal’s latest updates offer practical incentives to hold and use PYUSD.
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