PayPal to offer 3.7% yield on stablecoin balances: Report

Quick Summary:

In an interview with Cointelegraph, Boiron said, “Companies like Stripe and PayPal integrating stablecoins is likely the primary catalyst for their growth.”Related: PayPal, Ernst & Young settle first corporate payment via PYUSD stablecoinThe story of PayPal USDPYUSD is a US dollar-pegged stablecoin issued by Paxos Trust Company on behalf of PayPal in August 2023.

Source: CoinMarketCapTzahi Kanza, CEO of crypto investment firm Syndika, told Cointelegraph that “from a regulatory standpoint, PayPal must ensure that offering interest doesn’t cause its stablecoin to be classified as a security.“ When it comes to financial risks for the users, he believes that PayPal can keep its promises, and the main risk is still losing the peg to the dollar and not interest-related issues.

However, yield-bearing stablecoins may fall under that classification.”Related: PayPal's Xoom launches cross-border stablecoin settlementPayPal is betting on cryptoPayPal is betting on blockchain technology with its continued product development.

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Article Details

Author / Journalist: Cointelegraph by Adrian Zmudzinski

Category: Crypto

Markets: United StatesBhutan

Topics: Paid Market Yield Paypal Stablecoin Launch Report Users Offer Rewards Pyusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 14:54:01 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 559 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28172659

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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