Buy. Hold. Earn Rewards. PayPal Unlocks Rewards for Holding PayPal USD

Core Viewpoint - PayPal has launched a new loyalty program that allows users to earn 3.7% annually on their PayPal USD (PYUSD) holdings, enhancing the utility of the stablecoin within its ecosystem [1][2]. Group 1: PYUSD Rewards Program - Users will earn 3.7% annually on their PYUSD holdings in PayPal or Venmo wallets, with rewards available for use in various transactions [1][2]. - The rewards can be used for payments at millions of merchants, peer-to-peer transfers, and international remittances without transaction fees [1][2]. - Users can opt in or out of the rewards program at any time and redeem their PYUSD holdings for USD easily [3]. Group 2: PYUSD Overview - PayPal USD (PYUSD) is issued by Paxos Trust Company and is fully backed by U.S. dollar deposits and similar cash equivalents [5]. - PYUSD can be bought or sold at a rate of $1.00 per PYUSD through PayPal and Venmo [5]. - The program is subject to terms and conditions that will be available upon launch, and the rewards rate is not guaranteed and may change at PayPal's discretion [4]. Group 3: Company Vision and Commitment - PayPal aims to leverage stablecoins to reshape the future of commerce and enhance payment systems globally [2]. - The company emphasizes its commitment to creating an innovative ecosystem for commerce, including cross-border transfers and various payment use cases [2]. - PayPal has been a leader in revolutionizing commerce for over 25 years, empowering users in approximately 200 markets [6].