Summary:
Anchorage Digital launches a rewards program for Paypal USD (PYUSD) holders.
Program emphasizes security, avoiding rehypothecation, staking, or lending.
Available through Anchorage Digital’s platform and Porto self-custody wallet.
Jose Fernandez da Ponte highlights the common vision between Anchorage and Paypal.
Institutions can earn rewards while maintaining full access to their PYUSD.
Anchorage Digital has unveiled an innovative rewards program for Paypal USD (PYUSD) holders, creating a secure pathway for institutions to earn rewards. This program is accessible through Anchorage Digital’s platform and the Porto self-custody wallet, emphasizing unmatched security by avoiding rehypothecation, staking, or lending.
Anchorage Digital and Paypal Unveil Secure Rewards Program for PYUSD Holders
On Thursday, Anchorage Digital announced the launch of its first stablecoin rewards program specifically for PYUSD holders. This initiative enables institutions to earn rewards on their PYUSD held within Anchorage Digital’s secure on-chain custody or through the Porto self-custody wallet.
The collaboration with Paypal ensures that crypto innovators maximize the value of their assets while prioritizing security. As highlighted in the announcement:
PYUSD remains fully accessible and segregated in participants’ accounts on-chain for quick deployment, leveraging Anchorage Digital’s industry-leading security model. Importantly, this program presents a way to earn rewards without rehypothecation, staking, or lending involved.
Jose Fernandez da Ponte, Paypal’s Senior Vice President and General Manager of Blockchain, Crypto, and Digital Currencies, stated: “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.”
Institutions participating in this program will benefit from streamlined onboarding, secure custody, and the ability to earn rewards while maintaining full access to their PYUSD. This offering represents a significant advancement for institutions managing stablecoins, enabling them to diversify securely and efficiently within Anchorage’s trusted infrastructure.
What are your thoughts on Anchorage Digital’s collaboration with Paypal to provide secure rewards for PYUSD holders? Let us know in the comments below!
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