🤑 PayPal’s Secret Stablecoin Society 🤑

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Ah, the sweet taste of passive yield, like a gentle spring breeze on a Moscow morning 🌸. PayPal’s Paxos-powered stablecoin, PYUSD, is offering rewards to those who hold at least 1 PYUSD in their Cryptocurrencies Hub. And, like a rebellious poet, it has launched on the Arbitrum chain, defying the conventions of the Ethereum and Solana networks.

According to the latest update on the payment firm’s cryptocurrency terms and conditions (a thrilling page-turner, no doubt 📚), the PYUSD stablecoin is now available on the Arbitrum (ARB) chain, because who needs just two networks when you can have three? 🤷‍♂️ So far, the three networks fall under the “PYUSD supported blockchains,” a badge of honor, indeed.

But wait, there’s more! The payment firm has also announced a rewards program, because who doesn’t love a good loyalty scheme? 🤑 Participants of the PYUSD Rewards Program will be able to accumulate PYUSD rewards from the amount of stablecoins they hold. As long as the user holds at least 1.0 PYUSD, then they stand a chance of receiving passive yield, like a gentle stream of cryptocurrency goodness 🌟.

PYUSD rewards will be accrued on a daily basis in the form of PYUSD at the applicable “PYUSD Rewards Rate”, which is an annual rate of rewards earned on PYUSD held in the user’s Cryptocurrencies Hub. Because who needs simplicity when you can have complexity? 🤯

“To calculate your PYUSD Rewards, we apply a daily periodic rate (the PYUSD Rewards Rate divided by 365) to the average balance of PYUSD you hold during each day of the month,” wrote PayPal in its statement, no doubt after consulting with a team of mathematicians and poets 📝.

The rewards will be credited to the user’s Cryptocurrencies Hub at the beginning of each month or within 30 days after the start of the month, because who needs instant gratification when you can wait a whole month? 🕰️ Users have the option to opt-out from the reward program at any time and they will stop receiving credited yield, like a faucet turning off 🚽.

The Fine Print: PayPal’s Eligibility Terms

Ah, the fine print, like a whispered secret in a Moscow alleyway 🗣️. To be eligible to receive PYUSD rewards, the user must own a Cryptocurrencies Hub account without a negative balance, because who needs debt when you can have cryptocurrency? 🤑 The user’s balance account also must not have any funds on hold, limitations or restrictions, because freedom is just a word, but cryptocurrency is forever 💸.

Holders of a Business Cryptocurrencies Hub may also participate in the PYUSD Rewards Program, as long as the account does not have a negative balance or any of the aforementioned restrictions that apply for a regular Cryptocurrencies Hub, because who needs simplicity when you can have complexity? 🤯

In the blogpost, the U.S.-based payment firm also warned users that PYUSD is issued by Paxos, because who needs transparency when you can have fine print? 📝 Therefore, it follows the terms and conditions linked to Paxos, not PayPal, because who needs accountability when you can have plausible deniability? 🤷‍♂️ Meanwhile, the payment firm may choose to stop supporting the USD-pegged stablecoin at any time with prior notice, because who needs stability when you can have surprises? 🎉

However, it is not obligated to provide users with a notice to terminating support of PYUSD as a Crypto Asset, because who needs courtesy when you can have silence? 🗣️

“You must sell or transfer to an external digital asset wallet any PYUSD token in your Cryptocurrencies Hub that PayPal has communicated it will no longer support,” wrote the payment firm in its statement, like a gentle reminder to always read the fine print 📝.

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2025-07-16 13:21