Fireblocks has partnered with Paxos to launch a $1 million grant program to promote the adoption of PYUSD.

PYUSD

PANews, October 25th - According to an official announcement, Fireblocks has partnered with Paxos to launch a stablecoin bonus program worth a total of $1 million, aimed at promoting the widespread use of PayPal USD (PYUSD). The program offers rewards of up to $60,000 for companies holding PYUSD balances on the Fireblocks platform and incentivizes innovators to develop blockchain products based on PYUSD through wallet fee rebates.

Previously, Fireblocks successfully piloted the project in collaboration with KoraPay and Bridge to develop use cases such as digital payments. This program will officially open to a broader industry, encouraging businesses to leverage the trust and flexibility of PYUSD to create practical application scenarios.

Fireblocks collaborates with Paxos to launch a $1 million grant program to promote the adoption of PYUSD.