A large part of our audience, we are their first crypto experience.

And we want to continue to do that.

The uniqueness of our platform is the ability to bring more than 400 million consumers and merchants into the new space.

We take that responsibility very seriously.

It is definitely part of our communications and we want to continue to have that in our messaging.

Yes.

Stable coins are heating up again as the U.S. I's a stable coin bill.

Payments giant PayPal launched its stable coin in 2023 and is now offering incentives for PYUSD holders.

PayPal's SVP of blockchain, Jose Fernandez-Depante,

joins us now. Jose, welcome to Markets Daily. Hello, Jen. Thank you for having me. Happy to be here.

Of course. Thanks for being here. It's been a big week for PayPal. I know two big announcements came out recently. First, being this 3.7% annual yield on PYUSD.

So I want to talk to you about how I imagine that this came out because you are thinking

about being competitive with other stable coins out there.

So let's start here.

How are you hoping to remain competitive?

How are you hoping to grab that

market share from other stable coin issuers? Yeah, a lot to unpack on what you said, Jen,

and on our rewards program. But if you take a step back and you look at what we are trying to do

there, we're trying to do three things. And everything that we announced, you should be able to

put into one of those three buckets. We're trying to increase mainstream access to digital currencies broadly. And a few years, a few weeks ago, we

started adding support for Solana and Link and more tokens outside of stable coins. The second

bucket is we are trying to make our stable coin PUAUSD as available and as you were saying as competitive in the market as we possibly can for crypto audiences.

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