IronWallet is Ready to Support PayPal’s New PYUSD Reward Scheme

28 April, 2025

~ 2 min

PayPal is launching a new reward program for its stablecoin, PYUSD, offering U.S. users a 3.7% annual yield to boost adoption in the competitive stablecoin market.

The crypto wallet IronWallet is ready to integrate with PayPal’s new PYUSD reward program, allowing our users to be among the first to access advantageous stablecoin storage terms. This is another step in our ongoing strategy to develop digital currency infrastructure.

More About PayPal’s PYUSD Reward Program

PayPal has announced the launch of a reward program for holders of its stablecoin, PayPal USD (PYUSD). The program is set to begin in the summer of 2025 and will be available to U.S. users through both PayPal and Venmo. Participants will earn 3.7% APY on their PYUSD deposits, with interest calculated daily and paid out monthly.

This marks PayPal’s first initiative of its kind, aimed at increasing the popularity of its digital dollar amid growing competition in the stablecoin sector. With PYUSD’s current market capitalization at approximately $873 million — significantly lower than rivals like Tether (USDT) and USD Coin (USDC), each valued in the tens of billions — PayPal is seeking to strengthen its stablecoin’s market position.

Jose Fernandez da Ponte, PayPal’s VP of Blockchain and Digital Currencies, stated:

“We see stablecoins as the foundation of the next generation of payment systems. Our goal is to make PYUSD a fully functional medium of exchange within the PayPal ecosystem.”

IronWallet Already Supports PYUSD — and Is Ready to Go Further

IronWallet was one of the first crypto wallets on the market to support PYUSD shortly after its launch. Our wallet is both technically and organizationally ready to participate in the new PYUSD reward system as soon as third-party integration becomes available.

For IronWallet users, this means:

Secure storage of PYUSD in a protected environment;
The opportunity to earn 3.7% APY on their balances;
Easy transfer, exchange, and use of PYUSD within the ecosystem;
A pathway to passive income — without leaving the crypto space.

We fully support PayPal’s initiative to create a sustainable, transparent, and practical model for using stablecoins. It’s precisely these kinds of steps that push the industry forward and bring digital assets closer to mainstream adoption.

Stablecoins and the Future of Payments

PayPal is not the only player betting on stablecoins. Fintech giants like Robinhood and Revolut are also entering the space. Even traditional banks are exploring the launch of their own digital currencies. However, PYUSD stands out as one of the few stablecoins combining the trust of the PayPal brand with technological compatibility through Ethereum’s ERC-20 standard.

IronWallet is closely following the development of this market and is committed to supporting key innovations that make using stablecoins not only convenient but also financially rewarding.

What’s Next?

We will continue working actively to integrate reward tools into our wallet interface and will notify users as soon as PYUSD interest features become available. We view PYUSD as an important step toward stable crypto income and are confident that such initiatives will set the standard for the future of digital finance.

Stay tuned to our blog for the latest updates on integrations and opportunities.