PayPal to offer 3.7% yield on stablecoin balances: Report

Payments behemoth PayPal plans to offer a 3.7% yield on balances held in its PayPal USD stablecoin. According to an April 23 Bloomberg report, a PayPal representative said that the measure aims to encourage more usage of the firm's stablecoin.

Source: cointelegraph.com

Related symbols: YLDUSD