PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits

CoinDesk reported:

These changing conditions would make a stablecoin vastly more appealing for PayPal, for two straightforward reasons. First, as Da Ponte implied, the extended services enabled by a stablecoin may encourage users to hold a larger amount of money in the form of PYUSD, and to hold it longer. In theory, that could happen if there are simply more ways to use PYUSD than a conventional PayPal balance — for instance, for crypto trading on decentralized-finance platforms. Those larger overall collateral balances would produce more interest for PayPal on the back end.

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