PayPal stablecoin holders to earn 3.7% on balances in planned loyalty offering

PayPal"s Stock Tumbles On Poor Quarterly Earnings Report

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Amid an increasingly competitive stablecoin landscape, PayPal (NASDAQ:PYPL) is planning to launch a new loyalty offering that will reward U.S.-based PayPal and Venmo users for holding its PayPal USD (PYUSD-USD) token, it said on Wednesday.

Expected to be available this

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