The post Exciting PayPal Partnership with Anchorage Digital Unveils Stablecoin Rewards! appeared on BitcoinEthereumNews.com.

Key Points: PayPal partnership with Anchorage Digital to offer stablecoin rewards. Rewards come from stablecoin asset income, not marketing fees. PYUSD and the rewards program are not classified as securities. PayPal partnership with Anchorage Digital, the only cryptocurrency company in the U.S. licensed to operate a bank, appears to be a significant deal. Rewards Generated from Stablecoin Asset Income Fortune intends to develop stablecoin rewards for eligible investors among Anchorage Digital users who hold PYUSD in its U.S. bank, Singapore subsidiary, or via non-custodial wallet Porto. Anchorage Digital is uniquely positioned to make this breakthrough as a crypto firm supported by a regulated bank. The PayPal partnership with Anchorage Digital’s financial infrastructure creates a rewards program to foster incentives to hold and use it. Contrary to many other programs that do so through revenue from marketing fees, the program will reward users on the income generated from the underlying assets held by the stablecoin. Read more: Ripple (XRP) & Litecoin (LTC) Investors Flock to Clandeno (CLD) ICO; PayPal Backed Project Set to 100X in Weeks PYUSD Program Exempt from Securities Regulations The important thing is that Anchorage Digital has clarified that neither PYUSD nor the associated rewards program makes for a securities issuance. As such, neither of these offerings falls under the watch of banking regulators, which could make the process smooth and more attractive to investors who are tired of regulatory hurdles. This distinction does not complicate including stablecoin rewards within the Anchorage Digital ecosystem and probably speeds up user engagement and adoption. PayPal partnership with Anchorage Digital to increase its offerings of digital currencies and provided more reasons for people to use them. For Anchorage Digital, teaming up with a big player like PayPal underlines its position within the crypto space and extends its reach and the real-world usability…

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Filed under: News - @ August 22, 2024 4:21 pm