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EMARKETER

PayPal aims to grow PYUSD adoption with rewards, expanded Coinbase tie-up

Article by Grace Broadbent  |  Apr 24, 2025
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PayPal aims to grow PYUSD adoption with rewards, expanded Coinbase tie-up
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Topics
Credit & Debit
Digital Payments
Mobile Payments
United States

The news: PayPal is trying to expand the adoption of its stablecoin, PayPal USD (PYUSD), per press releases.

  • Rewards launch. Starting this summer, users will be able to earn 3.7% annually on PYUSD held in their PayPal and Venmo wallets.
  • Expanded Coinbase tie-up. Coinbase users can now buy and sell PYUSD with no platform fees. The companies are also exploring new stablecoin-based payments and banking solutions, as well as other use cases for PYUSD in DeFi and on-chain platforms.

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