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Showing posts with the label Paxos

⛲️ A Wishing Well of Butterfly Tears 🦋

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Four Percent, Thirty-Two Cents: PayPal Stablecoin Rewards on $10 If you have a PayPal account and a passing interest in digital assets , the on-ramp has rarely been shorter!  PayPal USD (PYUSD) can be bought, held, and sent inside the app for free, and balances earn rewards at a variable annual rate that PayPal currently advertises as 4%. No seed phrase, no faucet quiz, no survey about your favorite color. Simple and affordable, which in this hobby counts as avant-garde . The Ten-Dollar Test My own experiment is admittedly modest . I started with $10 and have earned $0.32 so far. Four percent of ten dollars is forty cents a year, so thirty-two cents is roughly what most of a year of holding should produce . It will not fund a vacation, but rewards accrue on the average daily balance and arrive monthly in PYUSD itself, which is more than my checking account has ever managed . How does that compare with other users? I honestly don't know. As far as I can tell ...