PANews reported on April 23 that according to Bloomberg, PayPal announced that it will launch a stablecoin PYUSD holding reward program this summer. US users who hold PYUSD through PayPal and Venmo wallets can obtain an annualized return of 3.7% (accumulated daily and distributed monthly). The income is distributed in the form of PYUSD, which can be exchanged for legal currency, sent to other users, used for international transfers or used when shopping in PayPal Checkout. The head of PayPal's blockchain business said that this move is aimed at increasing the use of PYUSD in its payment network, and the company regards stablecoins as a core component of the "next generation of payment infrastructure."