BTC logo
BTC
$108,109.65
2.33%
ETH logo
ETH
$3,875.92
2.24%
USDT logo
USDT
$1.0004
0.01%
BNB logo
BNB
$1,158.73
0.48%
XRP logo
XRP
$2.3121
3.88%
SOL logo
SOL
$184.81
4.41%
USDC logo
USDC
$1.0000
0.01%
TRX logo
TRX
$0.3152
1.13%
DOGE logo
DOGE
$0.1872
4.09%
ADA logo
ADA
$0.6427
3.32%
HYPE logo
HYPE
$36.69
1.52%
USDE logo
USDE
$0.9995
0.03%
LINK logo
LINK
$17.35
3.60%
BCH logo
BCH
$505.31
3.08%
XLM logo
XLM
$0.3104
3.66%
SUI logo
SUI
$2.5354
4.86%
AVAX logo
AVAX
$20.87
4.34%
LEO logo
LEO
$9.5975
0.30%
WBT logo
WBT
$41.19
1.72%
HBAR logo
HBAR
$0.1708
4.17%
BTC logo
BTC
$108,109.65
2.33%
ETH logo
ETH
$3,875.92
2.24%
USDT logo
USDT
$1.0004
0.01%
BNB logo
BNB
$1,158.73
0.48%
XRP logo
XRP
$2.3121
3.88%
SOL logo
SOL
$184.81
4.41%
USDC logo
USDC
$1.0000
0.01%
TRX logo
TRX
$0.3152
1.13%
DOGE logo
DOGE
$0.1872
4.09%
ADA logo
ADA
$0.6427
3.32%
HYPE logo
HYPE
$36.69
1.52%
USDE logo
USDE
$0.9995
0.03%
LINK logo
LINK
$17.35
3.60%
BCH logo
BCH
$505.31
3.08%
XLM logo
XLM
$0.3104
3.66%
SUI logo
SUI
$2.5354
4.86%
AVAX logo
AVAX
$20.87
4.34%
LEO logo
LEO
$9.5975
0.30%
WBT logo
WBT
$41.19
1.72%
HBAR logo
HBAR
$0.1708
4.17%
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PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits

While it seems positive for crypto, the PYUSD stablecoin will benefit PayPal's own coffers most of all.

By David Z. Morris|Edited by Daniel Kuhn
Updated Jun 14, 2024, 7:15 p.m. Published Aug 9, 2023, 4:33 p.m.
PayPal's crypto lead Jose Fernandez da Ponte says PayPal's new stablecoin, PYUSD, is "an extension of the PayPal balance." Does that include PayPal's interest revenue? (CoinDesk/Helene Braun)
PayPal's crypto lead Jose Fernandez da Ponte says PayPal's new stablecoin, PYUSD, is "an extension of the PayPal balance." Does that include PayPal's interest revenue? (CoinDesk/Helene Braun)