PayPal partners with crypto bank Anchorage Digital to offer stablecoin rewards

ChainCatcher news, according to Fortune, to increase adoption, PayPal announced a partnership with Anchorage Digital (the only U.S. cryptocurrency company with a banking license) to offer stablecoin rewards to Anchorage Digital's qualified investor user base, who hold PYUSD in their U.S. bank accounts, Singapore subsidiary, or through their non-custodial wallet Porto.

Anchorage Digital stated that PYUSD and the rewards program do not constitute a securities issuance and are not subject to the jurisdiction of banking regulators.