search
Homeweb3.0Anchorage Digital Introduces Stablecoin Rewards Program Featuring the PayPal USD (PYUSD) Stablecoin

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.

The above is the detailed content of Anchorage Digital Introduces Stablecoin Rewards Program Featuring the PayPal USD (PYUSD) Stablecoin. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Lulo, a Solana-based Yield Aggregator, Saw Its TVL Double to $38.7M Since AugustLulo, a Solana-based Yield Aggregator, Saw Its TVL Double to $38.7M Since AugustAug 27, 2024 pm 09:10 PM

The yield aggregator launched at the beginning of the year and has continued to grow even during DeFi market downturns.

CBEX Exchange Expands User Options with USD- and Coin-Margined Contracts, Opening New Dimensions for Digital Asset Trading WorldwideCBEX Exchange Expands User Options with USD- and Coin-Margined Contracts, Opening New Dimensions for Digital Asset Trading WorldwideNov 09, 2024 am 03:18 AM

Contract trading has become an indispensable tool in digital asset trading, enabling investors to manage risk and capitalize on market opportunities. As a global leader in decentralized trading, CBEX Exchange is expanding user options with USD- and c

Leaps of Fortune rewards and milestones in Monopoly GOLeaps of Fortune rewards and milestones in Monopoly GOJul 29, 2024 am 03:56 AM

Pickups are returning with loads of pickaxes for the Greek Treasures Dig Hunt event in Monopoly GO through Leaps of Fortune, a two-day Solo event featuring 50 milestones worth of rewards.

Neil DeSilva, Former PayPal Digital Currencies CFO, and Ripple Exploring Partnership to Create Sustainable Blockchain BusinessNeil DeSilva, Former PayPal Digital Currencies CFO, and Ripple Exploring Partnership to Create Sustainable Blockchain BusinessOct 18, 2024 am 12:50 AM

The new venture could involve XRP and potentially push the altcoin towards $1.

Bitcoin (BTC), Dogecoin (DOGE) and Ripple (XRP) Price in USD and PKR on July 29, 2024Bitcoin (BTC), Dogecoin (DOGE) and Ripple (XRP) Price in USD and PKR on July 29, 2024Jul 29, 2024 pm 12:01 PM

On July 29, 2024, the latest exchange rates of Bitcoin (BTC), Dogecoin (DOGE) and Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported

Anchorage Digital Unveils Stablecoin Rewards Program for Institutional Clients Who Custody PayPal USD (PYUSD)Anchorage Digital Unveils Stablecoin Rewards Program for Institutional Clients Who Custody PayPal USD (PYUSD)Aug 24, 2024 pm 03:24 PM

This marks the first time Anchorage Digital has offered such a program, which applies exclusively to clients who custody PYUSD.

Anchorage Digital Launches Reward Program for Institutional Investors Holding PYUSDAnchorage Digital Launches Reward Program for Institutional Investors Holding PYUSDAug 23, 2024 am 03:27 AM

The company announced that institutions using its services or Porto can now earn “competitive rewards” on their PYUSD holdings.

PayPal's Jose Fernandez da Ponte Explains Why Ethereum May Not Be the Best Option for Payment SystemsPayPal's Jose Fernandez da Ponte Explains Why Ethereum May Not Be the Best Option for Payment SystemsSep 22, 2024 pm 03:20 PM

At the Solana Breakpoint 2024 conference, PayPal's Blockchain, Crypto, and Digital Currencies Vice President Jose Fernandez da Ponte explained why Ethereum may not be the best option for payment systems.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Repo: How To Revive Teammates
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

DVWA

DVWA

Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software

Atom editor mac version download

Atom editor mac version download

The most popular open source editor

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools

PhpStorm Mac version

PhpStorm Mac version

The latest (2018.2.1) professional PHP integrated development tool

SecLists

SecLists

SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.