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Payments giant PayPal is reportedly going to start offering customers yield on its proprietary stablecoin product. According to a new report by Bloomberg, PayPay is planning on offering rewards to users of their stablecoin PayPal USD ( PYUSD ) as a means of increasing its usage. The report says that the program is expected to launch sometime during the summer, though no specific date was mentioned, and would allow users of both PayPal and Venmo to earn 3.7% annually on PYUSD holdings in their crypto wallets. The rewards – which accrue on a daily basis and get paid out monthly – will be paid in PYUSD which customers can then either convert to fiat currency, use for payments, or send to other users. Jose Fernandez da Ponte, PayPal’s senior vice president and general manager of blockchain, crypto and digital currencies, told Bloomberg in an interview that the goal of the company is to incentivize use of stablecoins as a form of payment on its platform. “We see stablecoins as building the next generation of payment rails but we are aware that is something that takes time. We are halfway [through] a 10-year journey.” PYUSD launched in 2023 in collaboration with stablecoins issuer Paxos, which says that the token’s reserves are 100% held in US dollar deposits that are available for 1:1 redemption. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post PayPal To Begin Offering Yield on PYUSD To Boost Stablecoin Use: Report appeared first on The Daily Hodl .
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Will SUI & JasmyCoin Rise Again Soon? Upside Potential for Both Under the Microscope
The future of SUI and JasmyCoin remains a hot topic in the crypto world. With market dynamics constantly shifting, these digital coins face scrutiny over their potential for a rebound. This article delves into their market movements, technical signals, and expert opinions to uncover if a bullish trend is on the horizon. SUI Surge Solidifies as Bulls Steer Market Momentum SUI recorded a robust quarterly growth with a 25.53% gain over the past month and an impressive 48.48% surge over the last six months. A notable 37.80% uptick during the past week reinforces the coin’s power in a dynamic market period. Strong price action and persistent buying interest have characterized its recent performance. Steady upward movement and quick jumps in value underscore its appeal among traders. SUI currently trades within a range of $1.74 to $3.03, with a clear resistance zone around $3.78 and a support level near $1.21. Indicators reveal bullish control, though the price nears critical resistance. Traders may consider buying near support and aiming for profits near resistance if momentum continues to drive price higher. JasmyCoin Market Trends and Current Levels Signal Trading Potential JasmyCoin experienced a weekly rise of 20.90% and a monthly gain of 35.40% amid notable price fluctuations. Over the past six months, the coin registered a decline of 12.86%, reflecting significant shifts in market sentiment. These price movements show alternating phases of recovery and contraction that hint at changing investor behavior over recent periods. The current trading range spans from $0.007 to $0.0175, with primary resistance at $0.0244 and support at $0.0034. A secondary resistance stands at $0.0349. Indicators such as the Awesome Oscillator at 0.00233 and an RSI of 63.85 point to emerging bullish strength, suggesting opportunities for trading within these levels despite the absence of a clear trend. Conclusion The potential for SUI and JasmyCoin to rise again is promising. Both coins show strong fundamentals and growing interest. Market trends and adoption rates favor their upward movement. Investors are keen on their unique value propositions. Regular updates and strong community support are crucial. The crypto market remains dynamic, but SUI and JasmyCoin stand well-positioned for growth. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. The Daily Hodl
SOL Strategies Secures $500M to Buy More Solana
Canadian investment firm SOL Strategies has secured a $500 million convertible note to buy Solana, the company announced on Wednesday, reflecting the growing interest in the crypto that has been popular among meme coin developers and others who favor its speed compared to rivals. The company, which trades on the Canadian Securities Exchange under the The Daily Hodl
