PayPal will start offering rewards to PYUSD stablecoin holders in a bid to boost its adoption and use in the coming months. Bloomberg was first to report on PayPal’s plans, stating that PYUSD users will be able to earn 3.7 percent annually on their holdings once this initiative is rolled out. Later, PayPal CEO Alex Chriss confirmed the development on X (formerly known as Twitter). The US-based online payments giant launched its PYUSD stablecoin in 2023, pegged to the US dollar. The rewards for PYUSD holders will be provided in the form of the stablecoin itself, Jose Fernandez da Ponte, the company’s senior vice president and general manager of blockchain, told Bloomberg. These rewards will be paid to PYUSD holders on a monthly basis. PayPal’s CEO said that the company wants customers to experience the utility scope of stablecoins with the new rewards programme. “Stablecoins have the power to reshape the future of commerce by combining innovation, stability, and accessibility. Now, we’re making PayPal and Venmo the most rewarding way to hold PYUSD. With our …