{"id":136140,"date":"2024-08-24T12:00:29","date_gmt":"2024-08-24T09:00:29","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136140"},"modified":"2024-08-24T01:47:16","modified_gmt":"2024-08-23T22:47:16","slug":"paypal-and-crypto-bank-anchorage-launch-pyusd-rewards-program","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/paypal-and-crypto-bank-anchorage-launch-pyusd-rewards-program\/","title":{"rendered":"PayPal and Crypto Bank Anchorage Launch PYUSD Rewards Program"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/fortune.com\/crypto\/2024\/08\/22\/paypal-anchorage-stablecoin-sec-reward-launch\/\">initiative<\/a> <\/strong>will allow users to earn rewards on their PYUSD tokens without engaging in activities like staking or lending. The tokens will stay fully segregated in their accounts, ensuring they aren&#8217;t used for lending purposes.<\/p>\n<p>This program, aimed at institutional clients of Anchorage, comes as PayPal\u2019s stablecoin is gaining traction but has not yet achieved a $1 billion market cap. Recently, PYUSD&#8217;s supply on Solana matched that on Ethereum, and it surpassed USDD to become the sixth-largest USD-backed token by market cap.<\/p>\n<p>Nathan McCauley, CEO of Anchorage, expects the program to boost the adoption of PYUSD and bridge traditional finance with digital assets. The rewards will be funded by Anchorage, with no rehypothecation or lending involved. Details on the exact mechanism are still unclear.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/babylon-launches-innovative-bitcoin-staking-program\/\" title=\"Babylon Launches Innovative Bitcoin Staking Program\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/04\/photo_2024-04-26_16-34-38-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Babylon Launches Innovative Bitcoin Staking Program<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Rewards will be issued in PYUSD, with amounts dependent on deposit size and subject to variation.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPal is teaming up with Anchorage Digital to offer a new rewards program for its stablecoin, PayPal USD (PYUSD).<\/p>\n","protected":false},"author":3,"featured_media":38370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-136140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PayPal and Crypto Bank Anchorage Launch PYUSD Rewards Program<\/title>\n<meta name=\"description\" content=\"PayPal is teaming up with Anchorage Digital to offer a new rewards program for its stablecoin, PayPal USD (PYUSD).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/paypal-and-crypto-bank-anchorage-launch-pyusd-rewards-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PayPal and Crypto Bank Anchorage Launch PYUSD Rewards Program\" \/>\n<meta property=\"og:description\" content=\"PayPal is teaming up with Anchorage Digital to offer a new rewards program for its stablecoin, PayPal USD (PYUSD).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/paypal-and-crypto-bank-anchorage-launch-pyusd-rewards-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Cryptodnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-24T09:00:29+00:00\" \/>\n<meta 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