On June 27, 2025, PayPal's PYUSD stablecoin is actively integrating into mainstream financial systems. In April 2025, PayPal launched a 3.7% annual yield on PYUSD holdings for U.S. users to boost adoption. This strategy aligns with the GENIUS Act passed by the U.S. Senate on June 17, 2025, which sets a federal regulatory framework for stablecoins.
The GENIUS Act requires stablecoin issuers, including PYUSD, to maintain 1:1 reserves in U.S. dollars or highly liquid assets. PayPal is focusing on integrating PYUSD into various payment channels. These include peer-to-peer transfers, merchant payments, and international remittances via Xoom.
The rewards program aims to increase PYUSD's utility and adoption. The evolving regulatory landscape, influenced by the GENIUS Act, is expected to foster greater trust. Stakeholders are closely monitoring the bill's implications for digital currencies in the U.S. (Source: June 27, 2025)