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PayPal Introduces PYUSD Rewards Program and Expands to Arbitrum Chain
ByAinvest
Wednesday, Jul 16, 2025 5:52 am ET1min read
PayPal has launched a rewards program for its Paxos-powered stablecoin, PYUSD, which offers holders passive yield for holding at least 1 PYUSD in their Cryptocurrencies Hub. The stablecoin is now available on the Arbitrum chain, alongside Ethereum and Solana networks. Rewards will be credited to users' Cryptocurrencies Hub at the beginning of each month or within 30 days after the start of the month.
PayPal has recently expanded its rewards program for the Paxos-powered stablecoin, PYUSD, and announced its availability on the Arbitrum chain. This move aims to incentivize users to hold PYUSD in their Cryptocurrencies Hub, offering passive yield for eligible participants.The PYUSD Rewards Program, which was introduced earlier this year, now includes users who hold at least 1 PYUSD in their Cryptocurrencies Hub. Participants can earn PYUSD rewards based on the amount of stablecoins they hold, with rewards accrued daily and credited at the beginning of each month or within 30 days after the start of the month. The rewards are calculated using a daily periodic rate derived from the annual PYUSD Rewards Rate.
In addition to the rewards program, PayPal has also expanded the availability of PYUSD to the Arbitrum chain, joining the existing Ethereum and Solana networks. This expansion is part of PayPal's broader strategy to support multiple blockchains and offer a more comprehensive stablecoin solution to its users.
To be eligible for the PYUSD Rewards Program, users must own a Cryptocurrencies Hub account without a negative balance and without any funds on hold, limitations, or restrictions. Business Cryptocurrencies Hub holders are also eligible, provided they meet the same criteria.
It is important to note that while PayPal supports PYUSD, it is issued by Paxos and follows the terms and conditions of Paxos, not PayPal. PayPal may choose to stop supporting the stablecoin at any time, with or without prior notice.
The expansion of the PYUSD Rewards Program and its availability on the Arbitrum chain are part of PayPal's broader strategy to support multiple blockchains and offer a more comprehensive stablecoin solution to its users. This move aims to incentivize users to hold PYUSD in their Cryptocurrencies Hub and earn passive yield.
References:
[1] https://crypto.news/paypal-launches-pyusd-rewards-program-and-expands-into-arbitrum/
[2] https://www.ainvest.com/news/coinbase-represents-future-finance-generational-play-disruptive-tech-2507/
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