Market Cap: $2.882T -1.49%
Volume(24h): $102.5955B -0.51%
  • Market Cap: $2.882T -1.49%
  • Volume(24h): $102.5955B -0.51%
  • Fear & Greed Index:
  • Market Cap: $2.882T -1.49%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$84601.256748 USD

-1.54%

ethereum
ethereum

$2680.045919 USD

-1.83%

tether
tether

$0.999799 USD

0.02%

bnb
bnb

$765.659472 USD

-1.46%

xrp
xrp

$1.484295 USD

-2.59%

usd-coin
usd-coin

$1.000001 USD

0.01%

solana
solana

$119.409013 USD

-1.77%

tron
tron

$0.335266 USD

0.34%

zcash
zcash

$1313.312697 USD

-4.71%

hyperliquid
hyperliquid

$88.243793 USD

-2.05%

dogecoin
dogecoin

$0.092898 USD

-3.10%

chainlink
chainlink

$14.023636 USD

-2.57%

monero
monero

$548.524996 USD

-0.09%

cardano
cardano

$0.244976 USD

-3.69%

unus-sed-leo
unus-sed-leo

$9.010974 USD

0.46%

Cryptocurrency News Articles

Anchorage Digital Introduces Stablecoin Rewards Program Featuring the PayPal USD (PYUSD) Stablecoin

Aug 23, 2024 at 03:51 am

The program will benefit customers who custody their PYUSD at the crypto bank, or use the platform's new institutional self-custody wallet Porto.

Anchorage Digital Introduces Stablecoin Rewards Program Featuring the PayPal USD (PYUSD) Stablecoin

Cryptocurrency custodian Anchorage Digital has unveiled a new stablecoin rewards program that will allow holders of the PayPal USD (PYUSD) stablecoin to earn rewards.

The program will benefit customers who custody their PYUSD at the crypto bank, or use the platform’s new institutional self-custody wallet Porto. Anchorage Digital announced the feature in a blog post on Aug. 22.

“Crypto innovators want to put their treasury cash to work but cannot compromise on asset security or accessibility. That’s why Anchorage Digital is proud to work with PayPal, a publicly-traded company with a proven track record in crypto innovation to launch Anchorage Digital’s stablecoin rewards program featuring PYUSD,” said Nathan McCauley, chief executive officer and co-founder of Anchorage Digital.

The Anchorage Digital CEO added that the platform will collaborate with protocols, foundations, venture capital firms and startups to support and unlock access to the PYUSD rewards program.

“Anchorage Digital and PayPal share a common vision of providing secure and efficient payment solutions for institutions that maximize the value of their digital assets and expand PYUSD’s utility and benefits for institutional customers,” said Jose Fernandez da Ponte, SVP and general manager of blockchain, crypto, and digital currencies at PayPal.

PayPal USD is a 1:1 US dollar-pegged stablecoin that launched in 2023. The Paxos Trust Company, regulated in the US, issues the PYUSD token that’s fully backed by USD deposits, US Treasuries as well as similar cash equivalents. PayPal allows the purchase and sale of the stablecoin on its platform.

Related: Anchorage Digital now supports Solana, enabling institutional custody of SOL, SPL tokensAnchorage Digital recently added custody support for zero-knowledge cryptocurrency ZKsync.

The federally chartered crypto bank also announced support for Solana (SOL) and SPL tokens in early August. According to details shared at the time, the expansion to Solana will enable institutions to securely custody SOL and SPL tokens.

PayPal USD went live on Solana in May 2024.

Original source:coinjournal

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Oct 04, 2026